South Carolina § 15-81-130 Applicability of limitations granted successor.

South Carolina Statutes

§ 15-81-130 — Applicability of limitations granted successor.

South Carolina·Title 15 CIVIL REMEDIES AND PROCEDURES·Ch. 81 SUCCESSOR ASBESTOS-RELATED LIABILITY FAIRNESS ACT

(A)The limitations of Section 15-81-140 apply to a corporation that is a successor and became a successor before January 1, 1972, or is a successor of that corporation's successors.

(B)The limitations of Section 15-81-140 do not apply to:

(1)workers' compensation benefits paid by or on behalf of an employer to an employee pursuant to Title 42, or a comparable workers' compensation law of another jurisdiction;

(2)a claim against a corporation that does not constitute a successor asbestos-related liability;

(3)an insurance company, as defined in Chapter 1, Title 38;

(4)an obligation pursuant to the National Labor Relations Act, as amended, or pursuant to a collective bargaining agreement; or (5) a successor that after a merger or consolidation continued in the business of mining asbest

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(A) The limitations of Section 15-81-140 apply to a corporation that is a successor and became a successor before January 1, 1972, or is a successor of that corporation's successors. (B) The limitations of Section 15-81-140 do not apply to: (1) workers' compensation benefits paid by or on behalf of an employer to an employee pursuant to Title 42, or a comparable workers' compensation law of another jurisdiction; (2) a claim against a corporation that does not constitute a successor asbestos-related liability; (3) an insurance company, as defined in Chapter 1, Title 38; (4) an obligation pursuant to the National Labor Relations Act, as amended, or pursuant to a collective bargaining agreement; or (5) a successor that after a merger or consolidation continued in the business of mining asbestos, in the business of selling or distributing asbestos fibers, or in the business of manufacturing, distributing, removing, or installing asbestos-containing products that were the same or substantially the same as those products previously manufactured, distributed, removed, or installed by the transferor.

South Carolina § 15-81-130 (Applicability of limitations granted successor.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.