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14 chapters · 217 sections in this title.
O.C.G.A. § 51-15-1 Legislative findings; limitations on liabilities
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The General Assembly finds that the number of asbestos related claims has increased significantly in recent years and threatens the continued viability of a number of uniquely situated companies that have not ever manufactured, sold, or distributed asbestos or asbestos products a…
O.C.G.A. § 51-15-2 Definitions
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As used in this chapter, the term: (1)(A) ‘‘Asbestos claim’’ means any claim, wherever or whenever made, for damages, losses, indemnification, contribution, loss of consortium, or other relief arising out of, based on, or in any way related to the health effects of exposure to as…
O.C.G.A. § 51-15-3 Domestic or foreign corporation as successor; exemption from limitations
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(a) The limitations contained in Code Section 51-15-4 apply to a domestic or foreign corporation that is a successor and became a successor before January 1, 1972, or is any of that successor corporation’s successor corporation. (b) The limitations contained in Code Section 51-15…
O.C.G.A. § 51-15-4 Determination of liability and limitation on liability
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(a) Except as further limited in subsection (b) of this Code section, the cumulative successor asbestos related liabilities of a 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. …