Georgia § 51-15-6 - Market value; prime rate; adjustment.
Full text of Georgia Official Code of Georgia Annotated § 51-15-6 — Market value; prime rate; adjustment., with citation guidance and answers to common questions.
§ 51-15-6. Market value; prime rate; adjustment.
Except as provided in subsections (b), (c), and (d) of this Code section, the fair market value of total gross assets at the time of a merger or consolidation shall increase annually at a rate equal to the sum of: The prime rate as published by the Board of Governors of the Federal Reserve System, as published in statistical release H.15 or any publication that may supersede it, for each calendar year since the merger or consolidation; and One percent. The rate provided in subsection (a) of this Code section shall not be compounded. The adjustment of fair market value of total gross assets shall continue as provided under subsection (a) of this Code section until the date the adjusted value is first exceeded by the cumulative amounts of successor asbestos related liabilities paid or committed to be paid by or on behalf of the corporation or a predecessor, or by or on behalf of a transferor, after the time of the merger or consolidation for which the fair market value of total gross assets is determined. No adjustment of the fair market value of total gross assets shall be applied to any liability insurance otherwise included in the definition of total gross assets by subsection (c) of Code Section 51-15-5 . (Code 1981, § 51-15-6 , enacted by Ga. L. 2007, p. 4, § 2/SB 182.)
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 51-15-6
What does Official Code of Georgia Annotated § 51-15-6 cover?
Section 51-15-6 ("Market value; prime rate; adjustment.") is part of the Official Code of Georgia Annotated, the codified statutory law of Georgia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Georgia § 51-15-6?
A common citation format is "Official Code of Georgia Annotated § 51-15-6" (Georgia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Georgia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Georgia official source linked on this page or consult a licensed Georgia attorney.
How does Georgia § 51-15-6 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Georgia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Georgia.