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41 chapters · 635 sections in this title.
S.C. Code Ann. § 15-81-110 Citation of act
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This act may be cited as the "Successor Asbestos-Related Liability Fairness Act".
S.C. Code Ann. § 15-81-120 Definitions
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For the purposes of this chapter: (1) "Asbestos claim" means a claim for damages, losses, indemnification, contribution, or other relief arising out of, based on, or related to asbestos, including: (a) the health effects of exposure to asbestos, including a claim for: (i) persona…
S.C. Code Ann. § 15-81-130 Applicability of limitations granted successor
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(A) The limitations of Section 15-81-140 apply to a corporation that is a successor and became a successor before January 1, 1972, or is a successor of that corporation's successors. (B) The limitations of Section 15-81-140 do not apply to: (1) workers' compensation benefits paid…
S.C. Code Ann. § 15-81-140 Limitation of cumulative successor asbestos-related liabilities of corporation
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(A) Except as further limited in subsection (B), 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 corporation is no…
