South Dakota Statutes
§ 20-9-39 — Limitation on cumulative successor asbestos-related liabilities.
The cumulative successor asbestos-related liabilities of any successor corporation are limited to the fair market value of the total gross assets of the transferor determined as of the time of the merger or consolidation. The successor corporation does not have responsibility for successor asbestos-related liabilities in excess of this limitation.
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South Dakota § 20-9-39 (Limitation on cumulative successor asbestos-related liabilities.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 2010, ch 110, § 4.
Nearby Sections
15
§ 20-1-1
Obligation defined.§ 20-1-2
Origin of obligations.§ 20-10-2
Acts constituting deceit.§ 20-10A-1
Definition of terms.§ 20-10A-2
Cause of action for damages.§ 20-10A-3
Liability for damages.§ 20-10A-4
Limitation on actions for damages.§ 20-11-2
Classes of defamation.