Date	Chamber	Action
1/9/2007	Senate	Session Sine Die

Statutes Amended In Order of Appearance

New Act

Synopsis As Introduced
Creates the Successor Asbestos-Related Liability Fairness Act. Limits the cumulative successor asbestos-related liabilities of a corporation to the fair market value of the total gross assets of the transferor determined as of the time of the merger or consolidation. Provides that a corporation is not responsible for successor asbestos-related liabilities in excess of that limitation. Provides guidelines for establishing the fair market value of the total gross assets for the purpose of the liability limitation.

Senate Committee Amendment No. 1
Replaces everything after the enacting clause. Creates the Successor Asbestos-Related Liability Fairness Act. Contains a short title only.

Actions 

Date	Chamber	Action
1/20/2006	Senate	Filed with Secretary by Sen. Rickey R. Hendon
1/20/2006	Senate	Chief Co-Sponsor Sen. Kirk W. Dillard
1/20/2006	Senate	First Reading
1/20/2006	Senate	Referred to Rules
2/1/2006	Senate	Assigned to Commerce & Economic Development
2/1/2006	Senate	Added as Co-Sponsor Sen. Dave Syverson
2/2/2006	Senate	Added as Co-Sponsor Sen. Pamela J. Althoff
2/14/2006	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. Rickey R. Hendon
2/14/2006	Senate	Senate Committee Amendment No. 1 Referred to Rules
2/15/2006	Senate	Senate Committee Amendment No. 1 Rules Refers to Commerce & Economic Development
2/16/2006	Senate	Senate Committee Amendment No. 1 Adopted
2/16/2006	Senate	Do Pass as Amended Commerce & Economic Development; 009-000-000
2/16/2006	Senate	Placed on Calendar Order of 2nd Reading February 22, 2006
2/27/2006	Senate	Second Reading
2/27/2006	Senate	Placed on Calendar Order of 3rd Reading February 28, 2006
3/2/2006	Senate	Rule 2-10 Third Reading Deadline Extended to January 9, 2007
6/4/2006	Senate	Pursuant to Senate Rule 3-9(b) / Referred to Rules
1/9/2007	Senate	Session Sine Die

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