|Posted:||June 9, 2014 09:06 AM|
|From:||Senator Robert M. Tomlinson|
|To:||All Senate members|
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