{"data":{"id":"us-ok/okla.-stat.-tit.-76-76-106","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 76, § 76-106","heading":"Establishing fair market value of total gross assets","body":"ESTABLISHING FAIR MARKET VALUE OF TOTAL GROSS ASSETS. A. An\n\ninnocent successor corporation may establish the fair market value\n\nof total gross assets for the purpose of the limitations under\n\nSection 5 of this act through any method reasonable under the\n\ncircumstances, including:\n\n1. By reference to the going concern value of the assets or to\n\nthe purchase price attributable to or paid for the assets in an\n\narm's-length transaction; or\n\n2. In the absence of other readily available information from\n\nwhich fair market value can be determined, by reference to the value\n\nof the assets recorded on a balance sheet.\n\nB. Total gross assets include intangible assets.\n\nC. To the extent total gross assets include any liability\n\ninsurance issued to the transferor whose assets are being valued for\n\nthe purposes of this section, the applicability, terms, conditions,\n\nand limits of such insurance shall not be affected by this act, nor\n\nshall the Innocent Successor Asbestos-Related Liability Fairness Act\n\notherwise affect the rights and obligations of a transferor,\n\nsuccessor, or insurer under any insurance contract and/or any\n\nrelated agreements, including, without limitation, rights and\n\nobligations under preenactment settlements between a transferor or\n\nsuccessor and its insurers resolving liability insurance coverage,\n\nand the rights of an insurer to seek payment for applicable\n\ndeductibles, retrospective premiums or self-insured retentions or to\n\nseek contribution from a successor for uninsured or self-insured\n\nperiods or periods where insurance is uncollectible or otherwise\n\nunavailable. Without limiting the foregoing, to the extent total\n\ngross assets include any such liability insurance, a settlement of a\n\ndispute concerning any such liability insurance coverage entered\n\ninto by a transferor or successor with the insurers of the\n\ntransferor before the effective date of the Innocent Successor\n\nAsbestos-Related Liability Fairness Act shall be determinative of\n\nthe total coverage of such liability insurance to be included in the\n\ncalculation of the transferor's total gross assets.","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":"e821d482616769be7a72f24b9c648f18cf3be5ce565b0b35134a986f4509831c","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-76-76-105","next":"us-ok/okla.-stat.-tit.-76-76-107"},"notice":"GroundRules: Original legal text. Not legal advice."}