Southern Asbestos Company General Conveyance and Assumption of Liabilities to H. K. Porter (1959)

A three-page instrument of December 1, 1959, by which Southern Asbestos Company, being liquidated, transferred all of its business, property and assets to its owner, H. K. Porter Company, Inc. In return Porter agreed "to pay, carry out and perform all debts, liabilities and obligations" of Southern Asbestos "of every nature and description whatsoever." It was signed for both companies and notarized in Pittsburgh.

What it shows

When one company takes over another's liabilities in this way, later injury claims about the old company's products can be brought against the new owner. The copy is marked as a trial exhibit (P-896), likely to show that H. K. Porter answered for Southern Asbestos's products.

In Johns-Manville's index

Johns-Manville's legal department indexed the Motley 1,000 in 1984. Its index describes this document as follows:

3-page document entitled "General Conveyance and Assumption of Liabilities" of the Southern Asbestos Company by H.K. Porter, signed 12/1/59.

About this copy

This is document 896 of the Motley 1,000, from the set the Manville Personal Injury Settlement Trust's records facility certified as true copies, pages CRMC-Motley1000-Subj-005143 to CRMC-Motley1000-Subj-005145.