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27 chapters · 978 sections in this title.
Miss. Code Ann. § 79-33-1 Definitions
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(a) The following words and phrases shall have the meanings ascribed herein, unless the context clearly indicates otherwise:(a) “Asbestos claim” means any claim, wherever or whenever made, for damages, losses, indemnification, contribution, or other relief arising out of, based o…
Miss. Code Ann. § 79-33-11 Choice of law
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The courts in this state shall apply, to the fullest extent permissible under the United States Constitution, this state’s substantive law, including the limitation under this chapter, to the issue of successor asbestos-related liabilities.
Miss. Code Ann. § 79-33-3 Applicability
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(1) The limitations in Section 79-33-5 shall apply to the following:(a) A domestic corporation or a foreign corporation that has had a certificate of authority to transact business in this state and who is or has done business in this state that is a successor which became a succ…
Miss. Code Ann. § 79-33-5 Liabilities limited to fair market value of total gross assets at time of merger or consolidation; liabilities assumed or incurred in connection with prior merger or consolidation
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(1) Except as further limited in subsection (2) of this 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. The c…
