Statute 50-6a05: Appeal bond staying execution on judgment
against signatory to master settlement agreement; order preventing dissipation
of assets.
(a) In civil litigation under any legal theory involving a signatory or a
successor to a signatory of the master settlement agreement, as defined in
K.S.A. 50-6a02, and amendments thereto, the maximum appeal bond that any
appellant in the litigation may be required to post to stay execution on a
judgment during an appeal or discretionary review shall be set in accordance
with existing law and court rules, except that in no case shall an appeal bond
for any individual appellant and its successors, individually or collectively,
exceed $25,000,000, regardless of the total value of the judgment.
(b) If it is proved by a preponderance of the evidence that the appellant for
whom the bond has been limited pursuant to this section is intentionally
dissipating or diverting assets outside of the ordinary course of its business
for the purpose of avoiding payment of the judgment, the court shall enter
such orders as are necessary to prevent the dissipation or diversion of
assets.
(c) The amendment to this section shall apply to all cases pending or
filed on and after July 1, 2005.
History: L. 2003, ch. 110, § 1;
L. 2005, ch. 79, § 1; July 1.