HB 925 - Torts; asbestos claims and successor corporations; provisions

Current VersionPDF Version

Committees

Current Status

03/08/06 - House Withdrawn, Recommitted

First Reader Summary

A BILL to be entitled an Act to amend Title 51 of the O.C.G.A., relating to torts, so as to create provisions relating to asbestos claims and successor corporations; to provide for legislative findings; to provide definitions; to provide that limitations of liabilities apply to a corporation that is a successor and became a successor corporation before January 1, 1972; to provide for exceptions to the limitations; to provide for other exceptions; to provide for methods by which to establish fair market value of total gross assets; to provide for the fair market value of total gross assets at the time of a merger or consolidation to increase annually; to provide for adjustments; to provide a methodology by which the fair market value of the assets is increased; to require that the courts liberally construe the chapter; to provide an effective date and applicability; to repeal conflicting laws; and for other purposes.

Status History

Bill History
Date Action
03/31/2005 House First Readers
01/09/2006 House Second Readers
03/02/2006 House Committee Favorably Reported
03/08/2006 House Withdrawn, Recommitted

Versions

  1. LC 29 1928ER/a

Footnotes

3/31/05 Special Committee on Civil Justice Reform
3/8/06 Withdrawn and recommitted to Rules