Ind. Code § 34-31-8-4

Current through P.L. 171-2024

Section 34-31-8-4 - "Successor asbestos related liability"

As used in this chapter, "successor asbestos related liability" means any liability that is related to an asbestos claim that was assumed or incurred by a corporation as a result of:

(1) a merger or consolidation with another corporation;

(2) the plan of merger or consolidation related to the merger or consolidation; or

(3) the exercise of control or the ownership of stock of the corporation before the merger or consolidation.

IC 34-31-8-4

As added by P.L. 134-2009, SEC.6.