Oklahoma § 76-105 - Limitations on successor asbestos-related liabilities
Full text of Oklahoma Oklahoma Statutes § 76-105 — Limitations on successor asbestos-related liabilities, with citation guidance and answers to common questions.
§ 76-105. Limitations on successor asbestos-related liabilities
LIMITATIONS ON SUCCESSOR ASBESTOS-RELATED LIABILITIES. A.
Except as further limited in subsection B of this section, the
cumulative successor asbestos-related liabilities of an innocent
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 innocent successor corporation
does not have any responsibility for successor asbestos-related
liabilities in excess of this limitation.
B. 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 such 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 an innocent
successor corporation.
Added by Laws 2013, 1st Ex.Sess., c. 22, § 5, emerg. eff. Sept. 10,
2013.
NOTE: Text formerly resided under repealed Title 76, § 75, which
was derived from Laws 2009, c. 228, § 69, which was held
unconstitutional by the Oklahoma Supreme Court in the case of
Douglas v. Cox Retirement Properties, Inc., 2013 OK 37, 302 P.2d 789
(Okla. 2013).
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 76-105
What does Oklahoma Statutes § 76-105 cover?
Section 76-105 ("Limitations on successor asbestos-related liabilities") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. 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 Oklahoma § 76-105?
A common citation format is "Oklahoma Statutes § 76-105" (Oklahoma). 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 Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 76-105 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma 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 Oklahoma.