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124 chapters · 2,863 sections in this title.
Iowa Code § 686C.1 Title.
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This chapter shall be known and may be cited as the “Successor Corporation Asbestos-Related Liability Fairness Act” . 2017 Acts, ch 11, §19
Iowa Code § 686C.2 Definitions.
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As used in this chapter , unless the context otherwise requires: 1. “Asbestos action” means the same as defined in section 686A.2 , but also includes any claim for damage or loss caused by the installation, presence, or removal of asbestos. 2. “Corporation” means any corporation …
Iowa Code § 686C.3 Limitations on successor asbestos-related liabilities.
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1. Except as provided in subsection 2 , the cumulative successor asbestos-related liabilities of a successor 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. A successor shall not have respo…
Iowa Code § 686C.4 Establishing fair market value of total gross assets.
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1. A successor may establish the fair market value of total gross assets, which include intangible assets, for the purpose of the limitations under section 686C.3 , through any method reasonable under the circumstances, including any of the following: a. By reference to the going…