Texas Civil Practice and Remedies Code

§ 90.051 — DEFINITIONS

CP § 90.051Title 4. LIABILITY IN TORT · Ch. 90. CLAIMS INVOLVING ASBESTOS AND SILICA · Art. B. ASBESTOS OR SILICA TRUST CLAIMS

Statute text

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In this subchapter:

(1)"Asbestos or silica trust" means a claims facility, a claims agent, a qualified settlement fund, or any other entity that:

(A)is created under 11 U.S.C. Section 524(g) or another applicable law for the benefit of creditors of a bankrupt person;

(B)is formed for the purpose of compensating claimants for asbestos- or silica-related injuries; and

(C)is in existence on the date trial in an action asserting an asbestos- or silica-related injury is set to commence.

(2)"Trust claim" means any filing with or claim against an asbestos or silica trust seeking recovery of compensation or damages for or arising from the asbestos- or silica-related injury of an exposed person.

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Legislative history

Added by Acts 2015, 84th Leg., R.S., Ch. 532 (H.B. 1492), Sec. 3, eff. September 1, 2015.