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308 sections in this chapter.
K.S.A. 50-1211 Severability
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50-1211. Severability. If any provision of K.S.A. 50-1201 through 50-1210, and amendments thereto, or the application to any persons or circumstances is held to be invalid, such invalidity shall not affect the other provisions or application of K.S.A. 50-1201 through 50-1210, and…
K.S.A. 50-1301 Citation of act
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50-1301. Citation of act. K.S.A. 50-1301 through 50-1307, and amendments thereto, shall be known and may be cited as the successor corporation asbestos-related liability fairness act. History: L. 2014, ch. 45, § 1; July 1.
K.S.A. 50-1302 Definitions
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50-1302. Definitions. As used in the successor corporation asbestos-related liability fairness act: (a) "Asbestos claim" means the same as in K.S.A. 60-4901, and amendments thereto. "Asbestos claim" also means any claim for damage or loss caused by the installation, presence or r…
K.S.A. 50-1303 Application to successor corporations; exceptions
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50-1303. Application to successor corporations; exceptions. (a) The limitations in K.S.A. 50-1304, and amendments thereto, shall apply to any successor corporation. The limitations of K.S.A. 50-1304, and amendments thereto, shall not apply to: (1) Workers' compensation benefits p…
K.S.A. 50-1304 Limitation on liability
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50-1304. Limitation on liability. (a) Except as further limited in subsection (b), the cumulative successor asbestos-related liabilities of a successor corporation are limited to the fair market value of the total gross assets of the transferor determined as of the time of the me…
K.S.A. 50-1305 Methods of establishing fair market value
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50-1305. Methods of establishing fair market value. (a) A successor corporation may establish the fair market value of total gross assets for the purpose of the limitations under K.S.A. 50-1304, and amendments thereto, through any method reasonable under the circumstances, includ…
K.S.A. 50-1306 Adjustment of the fair market value of total gross assets
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50-1306. Adjustment of the fair market value of total gross assets. (a) Except as provided in subsections (b), (c) and (d), the fair market value of total gross assets at the time of the merger or consolidation shall increase annually at a rate equal to the sum of: (1) The prime …
K.S.A. 50-1307 Application of act
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50-1307. Application of act. (a) The courts of this state shall construe the provisions of the successor corporation asbestos-related liability fairness act liberally with regard to successors. (b) The successor corporation asbestos-related liability fairness act shall apply to a…