Kentucky HB 245: AN ACT relating to successor corporation asbestos-related liabilities. Create new sections of KRS Chapter 411 to define terms; apply limitations to successor corporations' liability, except in certain enumerated situations; stipulate when the fair market value of a successor corporation's total gross assets are determined; stipulate how a successor corporation may establish fair market value; stipulate how the prime rate is to be calculated.

Status: Reassigned to Judiciary (H) (as of 2018-03-15)

State: Kentucky · Session: 2018RS · Bill: HB 245

Sponsors: D. St. Onge

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