Sec. 4. As used in this chapter, "successor asbestos related liability" means any liability that is related to an asbestos claim that was assumed or incurred by a corporation as a result of: (1) a merger or consolidation with another corporation; (2) the plan of merger or consolidation related to the merger or consolidation; or (3) the exercise of control or the ownership of stock of the corporation before the merger or consolidation.
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