Section 6-5-752 – Definitions.
Section 6-5-752 Definitions. For purposes of this article, the following definitions shall apply: (1) ACCIDENT. An incident resulting in personal injury, death, or damage to property arising out of or relating to commercial aviation aircraft. (2) AIRCRAFT. The meaning given such term in Section 40102(6) of Title 49 of the United States Code. (3) AIRWORTHINESS […]
Section 6-5-682 – Limitations of Liability.
Section 6-5-682 Limitations of liability. (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 does not have any responsibility for successor […]
Section 6-5-707 – Damage to Property of Utility.
Section 6-5-707 Damage to property of utility. Nothing in this article shall limit or eliminate the liability of a contractor for any civil action based on any alleged loss of or damage to the property of a utility that is rightfully located on, or adjacent to, the right-of-way of any highway, road, or street on […]
Section 6-5-753 – Commencement of Action.
Section 6-5-753 Commencement of action. (a) All actions against a manufacturer in tort, contract, or otherwise for death or injury to person or damage to property arising out of an accident shall be commenced within two years next after a cause of action accrues, and not thereafter. Causes of action for wrongful death accrue upon […]
Section 6-5-683 – Fair Market Value of Total Gross Assets.
Section 6-5-683 Fair market value of total gross assets. (a) A corporation may establish the fair market value of total gross assets for the purpose of the limitations under Section 6-5-682 through any method reasonable under the circumstances, including either of the following: (1) By reference to the going concern value of the assets or […]
Section 6-5-708 – Accrual of Action.
Section 6-5-708 Accrual of action. This article shall only apply to a cause of action which accrues after April 24, 2012. Pursuant to this article, a cause of action accrues at the time of property damage or the occurrence of the personal injury or death that is made the basis of the civil action. (Act […]
Section 6-5-684 – Adjustment of Fair Market Value of Total Gross Assets.
Section 6-5-684 Adjustment of 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 a merger or consolidation shall increase annually at a rate equal to the sum of: (1) The prime rate as listed in […]
Section 6-5-709 – Construction of Article.
Section 6-5-709 Construction of article. Nothing in this article shall be interpreted or construed to alter or affect the rights of any awarding authority to make a claim against a contractor or to exempt a contractor from compliance with all provisions of contracts between such contractors and an awarding authority. (Act 2012-225, p. 414, §11.)
Section 6-5-685 – Application of Article.
Section 6-5-685 Application of article. This article shall apply to any civil action asserting an asbestos claim in which the trial has not commenced as of September 1, 2011. (Act 2011-545, p. 1001, §6.)
Section 6-5-710 – Definitions.
Section 6-5-710 Definitions. For purposes of this article the following terms shall have the following meanings: (1) AWARDING AUTHORITY. a. The Alabama Department of Transportation, if the project is either for, or is funded in whole or in part by, the State of Alabama to construct, repair, resurface, refurbish, replace, remove, modify, alter, or otherwise […]