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OK SB2125

Bill

Status

Passed

4/19/2010

Primary Sponsor

Ben Sherrer

Click for details

Origin

Senate

2010 Regular Session

AI Summary

  • Amends Oklahoma civil procedure law regarding supersedeas bonds required to stay enforcement of judgments during appeal.

  • 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.

  • 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.

  • Allows courts to require full bond amount if appellant proves judgment debtor is intentionally dissipating assets outside ordinary business operations to avoid payment.

  • 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

Committee Referrals

Judiciary3/16/2010
Appropriations2/2/2010

Full Bill Text

No bill text available