Wyoming Statutes
Wyo. Stat. § 1-1-134 (2026)
Limitations on successor asbestos-related
✓ current as of May 2026
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liabilities.
(a) 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
shall not have 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 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.Notes of Decisions
Cited in 2
cases (2 in the last 5 years), 2022–2022 · leading case: Larry C. Beverage, Individually & as Pers. Rep. of the Est. of Charles E. Beverage, & Linda K. Anderson, & Bonnie K. Valentine v. ALCOA, Inc., a Pennsylvania Corp., & Iowa-Illinois Taylor Insulation, Inc., successor-in-interest to Iowa Illinois Thermal Insulation, Inc., an Iowa Corp. (Iowa 2022).
Larry C. Beverage, Individually & as Pers. Rep. of the Est. of Charles E. Beverage, & Linda K. Anderson, & Bonnie K. Valentine v. ALCOA, Inc., a Pennsylvania Corp., & Iowa-Illinois Taylor Insulation, Inc., successor-in-interest to Iowa Illinois Thermal Insulation, Inc., an Iowa Corp. (Iowa 2022). “61 (2022); Wyo. Stat. Ann. § 1-1-134 (2021). 13 them into the wash.”
Larry C. Beverage, Individually & as Pers. Rep. of the Est. of Charles E. Beverage, & Linda K. Anderson, & Bonnie K. Valentine v. ALCOA, Inc., a Pennsylvania Corp., & Iowa-Illinois Taylor Insulation, Inc., successor-in-interest to Iowa Illinois Thermal Insulation, Inc., an Iowa Corp. (Iowa 2022). “61 (2022); Wyo. Stat. Ann. § 1-1-134 (2021). 13 them into the wash.”
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