Utah Code § 78B-4-604
Measure of liabilities
Utah · Utah Code Title 78B — Judicial Code · Status: effective
Cite this
- Citation
- Utah Code § 78B-4-604, Measure of liabilities, Utah, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2355448
- Permanent ID
ys:prov:2355448@1- SHA-256
f5123a1ce04e95b8fbdb5bb94b98c61a09c5544510d56ee373f03012b806cc7f
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(1) Except as further limited in Subsection (2), the cumulative successor asbestos-related liability of a successor is limited to the fair market value of the total gross assets of the transferor determined as of the time of the merger or consolidation. A successor does not have responsibility for successor asbestos-related liability in excess of this limitation.
(2) If the transferor had assumed or incurred successor asbestos-related liability in connection with a prior merger or consolidation with a prior transferor, the fair market value of the total assets of the prior transferor determined as of the time of the earlier merger or consolidation shall be substituted for the limitation set forth in Subsection (1) for purposes of determining the limitation of liability of a successor.