§ 25-21,283.Act, how cited.
Article 21: Special Proceedings and Actions · Last amended 2010 · Last verified July 22, 2026
Full Text of § 25-21,283
Source
Laws 2010, LB763, § 1.
Plain-English Summary
Section 25-21,283 is a naming section. It states that sections 25-21,283 to 25-21,289 are to be known and may be cited as the Successor Asbestos-Related Liability Act. Everything that follows in this group of statutes, definitions, applicability, and the liability cap itself, falls under that single title.
The Act deals with a narrow but consequential question: when one corporation merges with or absorbs another, how much exposure does the surviving corporation face for asbestos claims tied to the corporation it absorbed? The short title matters in practice because later sections, court filings, and legal research all refer back to the Act by this name rather than by repeating the full string of section numbers each time.
Frequently Asked Questions
What is the Successor Asbestos-Related Liability Act?
It is the short title Nebraska gives to sections 25-21,283 to 25-21,289, a group of statutes limiting the asbestos-related liability a successor corporation inherits after a merger or consolidation.
Which sections make up this Act?
Sections 25-21,283 through 25-21,289.
What problem does the Successor Asbestos-Related Liability Act address?
It caps how much liability a corporation that merges with or absorbs another corporation can face for asbestos claims connected to the absorbed corporation’s history.
Does this section itself set any liability limits?
When was this Act adopted?
It was enacted in 2010.