---
title: O.C.G.A. § 51-15-4. Determination of liability and limitation on liability.
collection: code
id: 51-15-4
cite_as: O.C.G.A. § 51-15-4 (2025)
canonical_url: https://georgiacommons.org/code/51-15-4
md_url: https://georgiacommons.org/code/51-15-4.md
text_url: https://georgiacommons.org/code/51-15-4/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t51-(v39)-2017-pdf.pdf?sfvrsn=6b891965_0#page=1058
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
up: https://georgiacommons.org/code/51-15.md
previous: https://georgiacommons.org/code/51-15-3.md
next: https://georgiacommons.org/code/51-15-5.md
index: https://georgiacommons.org/code/index.md
version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: TORTS / ASBESTOS CLAIMS
---

# O.C.G.A. § 51-15-4. Determination of liability and limitation on liability.

(a) Except as further limited in subsection (b) of this Code section, the cumulative successor asbestos related liabilities of a 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 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, 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 Code section for the purpose of determining the limitation of liability of a corporation.

## History

Code 1981, § 51-15-4, enacted by Ga. L. 2007, p. 4, § 2/SB 182.