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S. 4522IntroducedSenate · nowHousePresidentLawIn committee
Sec. 7 · S. 4522

Joint and several liability

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Notwithstanding any other provision of law, or the terms of any contract or agreement, a vulture investor, including any control person or affiliate, shall be held jointly and severally liable with the youth sports entity for all liabilities incurred by the youth sports entity during the period of the vulture investor’s control, including— (1) all debt obligations assumed by the youth sports entity; (2) legal judgments; (3) pension-related obligations; and (4) any legal, regulatory, or safety infractions including, but not limited to, child safety, labor violations, and facility code failures.

Sec. 7: Joint and several liability · Public Law Tracker