North Carolina § 99E-52 - Limitation on successor asbestos-related liability.
Full text of North Carolina North Carolina General Statutes § 99E-52 — Limitation on successor asbestos-related liability., with citation guidance and answers to common questions.
§ 99E-52. Limitation on successor asbestos-related liability.
Except as further limited in subsection (b) of this section, the cumulative successor asbestos-related liabilities of a successor corporation are limited to the fair market value of the total gross assets of the transferor determined as of the time of the merger or consolidation. The successor corporation does not have responsibility for successor asbestos-related liabilities in excess of this limitation. If the transferor had assumed or incurred successor asbestos-related liabilities in connection with a prior merger or consolidation with a prior transferor, then 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 (a) of this section for purposes of determining the limitation of liability of a successor corporation. History (2014-110, s. 4.1.) Editor's Note. - Session Laws 2014-110, s. 4.1, enacted this section as G.S. 99E-42. The section has been renumbered as G.S. 99E-52 at the direction of the Revisor of Statutes. Session Laws 2014-110, s. 5.1, is a severability clause.
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 99E-52
What does North Carolina General Statutes § 99E-52 cover?
Section 99E-52 ("Limitation on successor asbestos-related liability.") is part of the North Carolina General Statutes, the codified statutory law of North Carolina. 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 North Carolina § 99E-52?
A common citation format is "North Carolina General Statutes § 99E-52" (North Carolina). 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 North Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the North Carolina official source linked on this page or consult a licensed North Carolina attorney.
How does North Carolina § 99E-52 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in North Carolina 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 North Carolina.