BILL · 2007–08 SESSION

HB 1302: Asbestos liability

Creating provisions relating to asbestos liability.

Summary

  • Limits a successor corporation's liability for asbestos-related claims to an amount equal to the predecessor corporation's adjusted total gross assets; and
  • Applies to corporations that became successor corporations before January 1, 1972.

From the House Bill Analysis 2007 (HB 1302), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 16, 2007
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Senator (D-22)
Introduced
January 16, 2007 in the House
Last action
January 14, 2008
Companion bill
SB 5804
Budget
Has a fiscal note

AN ACT Relating to limitations on asbestos-related liabilities relating to certain mergers or consolidations occurring before 1972;

Sponsors

Prime sponsor: Senator (D-22)

3 co-sponsors (2 Democrats, 1 Republican)

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. By resolution, reintroduced and retained in present status.
  2. First reading, referred to Judiciary.

HB 1302 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

Report wrong or missing information on this page