Posted: | June 9, 2014 09:06 AM |
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From: | Senator Robert M. Tomlinson |
To: | All Senate members |
Subject: | asbestos liability |
Please join me in co-sponsoring legislation, that would amend Title 42 to create the Successor Business Entity Liability Act. The intent of the legislation is to clarify the liability status of companies who obtained a business and faced asbestos-related claims from actions of the previous owner. The Act will establish a fair limitation of liability for any eligible innocent merger successor company. The prior session’s bill number and co-sponsor are: S.B. 1399 by Tomlinson, Folmer, Pippy, Rafferty and Eichelber |
Introduced as SB1422