Section 20-9-36 - Definitions related to asbestos claims. - South Dakota Statutes

20-9-36. Definitions related to asbestos claims. Terms used in §§ 20-9-36 to 20-9-43, inclusive, mean:
(1) "Corporation," any 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;
(2) "Successor," any corporation that assumes or incurs or has assumed or incurred successor asbestos-related liabilities and that became a successor before January 1, 1972, or any successors of that corporation;
(3) "Transferor," any corporation from which successor asbestos-related liabilities are or were assumed or incurred.

Source: SL 2010, ch 110, § 1.