Tennessee § 29-34-503 Application of limitations

Tennessee Statutes

§ 29-34-503 — Application of limitations

(a)The limitations in § 29-34-504 shall apply to any successor corporation.

(b)The limitations of § 29-34-504 shall not apply to:

(1)Workers' compensation benefits paid by or on behalf of an employer to an employee under the Workers' Compensation Law, compiled in title 50, chapter 6, or a comparable workers' compensation law of another jurisdiction;

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

(3)Any obligation under the National Labor Relations Act ( 29 U.S.C. § 151 et seq.), as amended or under any collective bargaining agreement; or (4) A successor that, after a merger or consolidation, continued in the business of mining asbestos or in the business of selling or distributing asbestos fibers or in the business of manufacturing,

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(a) The limitations in § 29-34-504 shall apply to any successor corporation. (b) The limitations of § 29-34-504 shall not apply to: (1) Workers' compensation benefits paid by or on behalf of an employer to an employee under the Workers' Compensation Law, compiled in title 50, chapter 6, or a comparable workers' compensation law of another jurisdiction; (2) Any claim against a corporation that does not constitute a successor asbestos-related liability; (3) Any obligation under the National Labor Relations Act ( 29 U.S.C. § 151 et seq.), as amended or under any collective bargaining agreement; or (4) A successor that, after a merger or consolidation, continued in the business of mining asbestos or in the business of selling or distributing asbestos fibers or in the business of manufacturing, distributing, removing, or installing asbestos-containing products which were the same or substantially the same as those products previously manufactured, distributed, removed, or installed by the transferor.

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