Texas Civil Practice And Remedies Code Title 6, Chapter 149 - Limitations In Civil Actions Of Liabilities Relating To Certain Mergers Or Consolidations

• Texas Section 149.001 - Definitions
  In this chapter: (1) "Asbestos claim" means any claim, wherever or whenever made, for damages, losses, indemnification, contribution, or other relief arising out of, based...
• Texas Section 149.002 - Applicability
  (a) The limitations in Section 149.003 shall apply to a domestic corporation or a foreign corporation that has had a certificate of authority to transact...
• Texas Section 149.003 - Limitations On Successor Asbestos-related Liabilities
  (a) Except as further limited in Subsection (b), the cumulative successor asbestos-related liabilities of a corporation are limited to the fair market value of the...
• Texas Section 149.004 - Establishing Fair Market Value Of Total Gross Assets
  (a) A corporation may establish the fair market value of total gross assets for the purpose of the limitations under Section 149.003 through any method...
• Texas Section 149.005 - Adjustment
  (a) Except as provided in Subsections (b), (c), and (d), the fair market value of total gross assets at the time of a merger or...
• Texas Section 149.006 - Scope Of Chapter
  The courts in this state shall apply, to the fullest extent permissible under the United States Constitution, this state's substantive law, including the limitation under...

Last modified: September 28, 2016