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OK SB2125
Bill
AI Summary
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Amends Oklahoma civil procedure law regarding supersedeas bonds required to stay enforcement of judgments during appeal.
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Limits bonds for tobacco-related litigation to the lesser of 100% of judgment (excluding interest and costs), 10% of judgment debtor's net worth, or $25,000,000.
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Applies bond limitations only to cases involving signatories, successors, or affiliates of the Master Settlement Agreement or Smokeless Tobacco Master Settlement Agreement dated November 23, 1998.
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Allows courts to require full bond amount if appellant proves judgment debtor is intentionally dissipating assets outside ordinary business operations to avoid payment.
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Becomes effective November 1, 2010.
Legislative Description
Civil procedure; limiting bond for certain entities under specified circumstances. Effective date.
Civil and Criminal Procedure and Courts
Last Action
Approved by Governor 04/16/2010
4/19/2010