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§ 20-9-36 Definitions related to asbestos claims.

SD Codified L § 20-9-36 (2019) (N/A)
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20-9-36. Definitions related to asbestos claims. Terms used in §§ 20-9-36 to 20-9-43, inclusive, mean:

(1) "Corporation," any corporation for profit, including a domestic corporation organized under the laws of this state or a foreign corporation organized under laws other than the laws of this state;

(2) "Successor," any corporation that assumes or incurs or has assumed or incurred successor asbestos-related liabilities and that became a successor before January 1, 1972, or any successors of that corporation;

(3) "Transferor," any corporation from which successor asbestos-related liabilities are or were assumed or incurred.Source: SL 2010, ch 110, § 1.

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§ 20-9-37 Asbestos claim defined.