S 399

Abstract

A BILL TO ENACT THE "ASBESTOS TRUST CLAIMS TRANSPARENCY ACT"; TO AMEND TITLE 15 OF THE 1976 CODE, RELATING TO CIVIL REMEDIES AND PROCEDURES, BY ADDING CHAPTER 83, TO ESTABLISH THE REQUIRED DISCLOSURES BY PLAINTIFFS, TO ESTABLISH DISCOVERY PROVISIONS, TO ESTABLISH THAT A COURT MAY STAY AN ACTION, TO ESTABLISH THAT A DEFENDANT MAY IDENTIFY ADDITIONAL OR ALTERNATIVE ASBESTOS TRUSTS, TO ESTABLISH THE VALUATION OF ASBESTOS TRUST CLAIMS, TO ESTABLISH SETOFF PROVISIONS, AND TO DEFINE NECESSARY TERMS.