Current through 2023-2024 Legislative Session Chapters 1-374, 376-386, 393, 394, 397, 398, 406-412, 414, 415, 421, 424, 427, 429, 430, 432-456, 460, 461, 471, 473, 475, 478, 480, 483, 484, 488, 490
Section 51-15-3 - Domestic or foreign corporation as successor; exemption from limitations(a) 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.(b) 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.Added by 2007 Ga. Laws 9,§ 2, eff. 5/1/2007.