Asbestos trust definition

Asbestos trust means a government-approved or court-approved trust, qualified settlement fund, compensation fund, or claims facility created as a result of an administrative or legal action, a court-approved bankruptcy, or pursuant to 11 U.S.C. 524(g), 11 U.S.C. 1121(a), or other applicable provision of law intended to provide compensation to claimants arising out of, based on, or related to the health effects of exposure to asbestos.
Asbestos trust means a government-approved or
Asbestos trust means a government-approved or court-approved trust, qualified

Examples of Asbestos trust in a sentence

  • No.095459B A L A N C E S H E E T A S A T 3 1 S T M A R C H , 2 0 1 5(All amounts are in in Rupees) The notes referred to above form an integral part of the balance sheet.

  • Id. Asbestos trust funds do not represent any realistic alternative source of compensation for Respondents.

  • Professional NotesThis paper accompanies my covering report titled ‘Actuarial Valuation as at 31 March 2021for accounting purposes'.

  • Asbestos trust claims and the information that is the subject of disclosure under the Code are presumed to be authentic, relevant to, and discoverable in an asbestos tort action.

  • Asbestos trust claims materials and trust governance documents are presumed to be relevant and authentic, and are admissible in evidence.


More Definitions of Asbestos trust

Asbestos trust means a trust, qualified settlement fund, compensation fund, or claims facility created as a result of an administrative or legal action, bankruptcy, agreement, or other settlement or pursuant to11 USC 524 (g) or 49 USC 40101, that is intended to provide compensation to claimants alleging per- sonal injury claims as a result of harm, also potentially compensa- ble in the immediate action, for which the entity creating the trust, qualified settlement fund, compensation fund, or claims facility is alleged to be responsible.
Asbestos trust means a trust, qualified settlement fund, compensation fund or claims facility that is created as a result of an administrative or legal action, bankruptcy, agreement or other settlement or pursuant to 11 United States Code section 524(g) and that is intended to provide compensation to claimants alleging personal injury claims as a result of harm, also potentially compensable in the immediate action, for which the entity creating the trust, qualified settlement fund, compensation fund or claims facility is alleged to be responsible.
Asbestos trust means the Federal-Mogul Asbestos Personal Injury Trust.
Asbestos trust means The Congoleum Plan Trust as established pursuant to the Plan.