[§328L-7]  Limitation on bond requirementsin litigation involving master settlement agreement signatories, successors,and affiliates.  (a)  In civil litigation under any legal theory involvinga signatory, a successor of a signatory, or an affiliate of a signatory to thetobacco master settlement agreement, the supersedeas bond to be furnished tostay the execution of the judgment during the entire course of appellate reviewshall be set in accordance with applicable laws or court rules, except that thetotal bond that is required of all appellants collectively shall not exceed$150,000,000, regardless of the amount of the judgment.

(b)  Notwithstanding subsection (a), if anappellee proves by a preponderance of the evidence that an appellant isdissipating assets outside the ordinary course of business to avoid the paymentof a judgment, a court may require the appellant to post a bond in an amount upto the full amount of the judgment. [L 2004, c 157, §8]

 

Note

 

  Applies to all cases pending on or filed on or after July 1,2004.  L 2004, c 157, §11.