{"data":{"id":"us-ok/okla.-stat.-tit.-76-76-103","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 76, § 76-103","heading":"Definitions","body":"DEFINITIONS. As used in the Innocent Successor Asbestos-Related\n\nLiability Fairness Act:\n\n1. \"Asbestos claim\" means any claim, wherever or whenever made,\n\nfor damages, losses, indemnification, contribution, or other relief\n\narising out of, based on, or in any way related to asbestos,\n\nincluding:\n\na. the health effects of exposure to asbestos, including\n\nany claim for:\n\n(1) personal injury or death,\n\n(2) mental or emotional injury,\n\n(3) risk of disease or other injury, or\n\n(4) the costs of medical monitoring or surveillance,\n\nb. any claim made by or on behalf of any person exposed\n\nto asbestos, or a representative, spouse, parent,\n\nchild, or other relative of the person, and\n\nc. any claim for damage or loss caused by the\n\ninstallation, presence, or removal of asbestos;\n\n2. \"Corporation\" means a corporation for profit, including a\n\ndomestic corporation organized under the laws of this state, or a\n\nforeign corporation organized under laws other than the laws of this\n\nstate;\n\n3. \"Innocent successor\" means a corporation that assumes or\n\nincurs or has assumed or incurred successor asbestos-related\n\nliabilities that is a successor and became a successor before\n\nJanuary 1, 1972, or is any of that successor corporation's\n\nsuccessors, and that after a merger or consolidation did not\n\ncontinue in the business of mining asbestos, in the business of\n\nselling or distributing asbestos fibers, or in the business of\n\nmanufacturing, distributing, removing, or installing asbestos-\n\ncontaining products that were the same or substantially the same as\n\nthose products previously manufactured, distributed, removed, or\n\ninstalled by the transferor;\n\n4. \"Successor asbestos-related liabilities\" means any\n\nliabilities, whether known or unknown, asserted or unasserted,\n\nabsolute or contingent, accrued or unaccrued, liquidated or\n\nunliquidated, or due or to become due, which are related to asbestos\n\nclaims and were assumed or incurred by a corporation as a result of\n\nor in connection with a merger or consolidation, or the plan of\n\nmerger or consolidation related to the merger or consolidation with\n\nor into another corporation, or that are related in any way to\n\nasbestos claims based on the exercise of control or the ownership of\n\nstock of the corporation before the merger or consolidation. The\n\nterm includes liabilities that, after the time of the merger or\n\nconsolidation for which the fair market value of total gross assets\n\nis determined pursuant to Section 6 of this act, were or are paid or\n\notherwise discharged, or committed to be paid or otherwise\n\ndischarged, by or on behalf of the corporation, or by a successor of\n\nthe corporation, or by or on behalf of a transferor, in connection\n\nwith settlements, judgments, or other discharges in this state or\n\nanother jurisdiction; and\n\n5. \"Transferor\" means a corporation from which successor\n\nasbestos-related liabilities are or were assumed or incurred.","path":["OK Code","Title 76"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os76.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"6359fab4741e07aabd783d7835a4af0480f3d027f434cc5163b8bc0590b92f59","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-76-76-102","next":"us-ok/okla.-stat.-tit.-76-76-104"},"notice":"GroundRules: Original legal text. Not legal advice."}