§ 1-1-132 — Definitions

Wyoming § 1-1-132

• Jurisdiction: Wyoming
• Title 01: Civil Procedure
• Ch. 1: GENERAL PROVISIONS AS TO CIVIL ACTIONS

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(a) As used in this act:
(i) "Asbestos claim" means any claim, wherever or
whenever made, for damages, losses, indemnification,
contribution or other relief arising out of, based on or in any
way related to asbestos, including:
(A) The health effects of exposure to asbestos,
including a claim for personal injury or death, mental or
emotional injury, risk of disease or other injury, or the costs
of medical monitoring or surveillance;
(B) Any claim made by or on behalf of any person
exposed to asbestos, or a representative, spouse, parent, child
or other relative of the person; and
(C) Any claim for damage or loss caused by the
installation, presence or removal of asbestos.
(ii) "Corporation" means a corporation for profit,
including a domestic corporation organized under the laws of
this state or a foreign corporation organized under laws other
than the laws of this state;
(iii) "Successor" means a corporation that assumes or
incurs or has assumed or incurred successor asbestos-related
liabilities that is a successor and became a successor before
May 13, 1968, or is any of that successor corporation's
successors;
(iv) "Successor asbestos-related liabilities" means
any liability, whether known or unknown, asserted or unasserted,
absolute or contingent, accrued or unaccrued, liquidated or
unliquidated or due or to become due, which is related to
asbestos claims and was assumed or incurred by a corporation as
a result of or in connection with a merger or consolidation or
the plan of merger or consolidation related to the merger or
consolidation with or into another corporation, or that is
related in any way to asbestos claims based on the exercise of
control or the ownership of stock of the corporation before the
merger or consolidation. The term includes liabilities that,
after the time of the merger or consolidation for which the fair
market value of total gross assets is determined under W.S.
1-1-135, were or are paid or otherwise discharged, or committed
to be paid or otherwise discharged, by or on behalf of the
corporation or by a successor of the corporation or by or on
behalf of a transferor, in connection with settlements,
judgments or other discharges in this state or another
jurisdiction;
(v) "Transferor" means a corporation from which
successor asbestos-related liabilities are or were assumed or
incurred.