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HB 369 (BR 1096) - D. St. Onge
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.
HFA1( J. Nemes ) - Add companies that knew or should have known of asbestos related activities at the time of sale or transfer to the list of non-exempt companies.
Feb 14, 2017 - introduced in House
Feb 15, 2017 - to Judiciary (H)
Feb 21, 2017 - reassigned to Economic Development & Workforce Investment (H)
Feb 22, 2017 - posted in committee
Feb 23, 2017 - reported favorably, 1st reading, to Calendar
Feb 24, 2017 - 2nd reading, to Rules; posted for passage in the Regular Orders of the Day for Tuesday, February 28, 2017
Feb 27, 2017 - floor amendment (1) filed