Section 20-9-39 - Limitation on cumulative successor asbestos-related liabilities. - South Dakota Statutes

20-9-39. Limitation on cumulative successor asbestos-related liabilities. The cumulative successor asbestos-related liabilities of any successor corporation are limited to the fair market value of the total gross assets of the transferor determined as of the time of the merger or consolidation. The successor corporation does not have responsibility for successor asbestos-related liabilities in excess of this limitation.

Source: SL 2010, ch 110, § 4.