(a) The limitations in Section 6-5-682 apply to a corporation that is a successor and became a successor before January 1, 1972, or is any of that successor corporation’s successors.
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Terms Used In Alabama Code 6-5-681

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • state: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Alabama Code 1-1-1
(b) The limitations in Section 6-5-682 do not apply to:

(1) Workers’ compensation benefits paid by or on behalf of an employer to an employee under the laws of this state or a comparable workers’ compensation law of another jurisdiction.
(2) Any claim against a corporation that does not constitute a successor asbestos-related liability.
(3) An insurer, as defined in Section 27-1-2.
(4) Any obligations under the National Labor Relations Act, as amended, or under any collective bargaining agreement.
(5) A successor that, after a merger or consolidation, continued in the business of mining asbestos; in the business of selling or distributing asbestos fibers; or in the business of manufacturing, distributing, removing, or installing asbestos-containing products that were the same or substantially the same as those products previously manufactured, distributed, removed, or installed by the transferor.
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