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Georgia General Assembly > Legislation
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2005-2006 Regular Session - HB 925
Torts; asbestos claims and successor corporations; provisions
Sponsored By
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
Mar/08/2006 - House Withdrawn, Recommitted
Mar/02/2006 - House Committee Favorably Reported
Jan/09/2006 - House Second Readers
Mar/31/2005 - House First Readers
Mar/31/2005 - House Hopper
3/31/05 Special Committee on Civil Justice Reform; 3/8/06 Withdrawn and recommitted to Rules