§ 51-15-3. Domestic or Foreign Corporation as Successor; Exemption From Limitations

1. The limitations contained in Code Section 51-15-4 apply to a domestic or foreign corporation that is a successor and became a successor before January 1, 1972, or is any of that successor corporation’s successor corporation.
2. The limitations contained in Code Section 51-15-4 do not apply to:
   1. Any claim against a corporation that does not constitute a successor asbestos related liability;
   2. An insurance corporation;
   3. Any obligations under the federal National Labor Relations Act or under any collective bargaining agreement; or
   4. A successor that, after a merger or consolidation, continued in the business of mining asbestos, in the business of selling or distributing asbestos fibers, or in the business of manufacturing, distributing, removing, or installing asbestos-containing products that were the same or substantially the same as those products previously manufactured, distributed, removed, or installed by the transferor.

History. Code 1981, § 51-15-3 , enacted by Ga. L. 2007, p. 4, § 2/SB 182.