Source: http://delcode.delaware.gov/title29/c060c/
Timestamp: 2018-02-21 07:05:46
Document Index: 460757520

Matched Legal Cases: ['§ 6080', '§ 6081', '§ 6082', '§ 1', '§ 6081', '§ 6082', '§ 6082', '§ 1', '§ 1']

TITLE 29 - CHAPTER 60C. DELAWARE TOBACCO SETTLEMENT ACT OF 1999
§ 6080 § 6081 § 6082
72 Del. Laws, c. 182, § 1.;
§ 6081 Definitions.
(3) Any roll of tobacco wrapped in any substance containing tobacco which, because of its appearance, the type of tobacco used in the filler, or its packaging and labeling, is likely to be offered to, or purchased by, consumers as a cigarette described in paragraph (d)(1) of this section. The term "cigarette" includes "roll-your-own" (i.e., any tobacco which, because of its appearance, type, packaging or labeling is suitable for use and likely to be offered to, or purchased by, consumers as tobacco for making cigarettes). For purposes of this definition of "cigarette," 0.09 ounces of "roll-your-own" tobacco shall constitute 1 individual "cigarette."
(e) "Master Settlement Agreement" means the settlement agreement (and related documents) entered into on November 23, 1998, by the State and leading United States tobacco product manufacturers.
(f) "Qualified escrow fund" means an escrow arrangement with a federally- or State-chartered financial institution having no affiliation with any tobacco product manufacturer and having assets of at least $1,000,000,000 where such arrangement requires that such financial institution hold the escrowed funds' principal for the benefit of releasing parties and prohibits the tobacco product manufacturer placing the funds into escrow from using, accessing or directing the use of the funds' principal except as consistent with § 6082(2) of this title.
(3) Becomes a successor of an entity described in paragraph (i)(1) or (2) of this section.
The term "tobacco product manufacturer" shall not include an affiliate of a tobacco product manufacturer unless such affiliate itself falls within any of the provisions of paragraphs (i)(1)-(3) of this section.
§ 6082 Requirements.
1. To pay a judgment or settlement on any released claim brought against such tobacco product manufacturer by the State or any releasing party located or residing in the State. Funds shall be released from escrow under this paragraph (2)b.1. in the order in which they were placed into escrow, and only to the extent and the time necessary to make payments to required under such judgment or settlement;
2. To the extent that a tobacco product manufacturer establishes that the amount it was required to place into escrow on account of units sold in the State in a particular year was greater than the Master Settlement Agreement payments, as determined pursuant to Section IX(1) of that Agreement including after final determination of all adjustments, that such manufacturer would have been required to make on account of such units sold had it been a participating manufacturer, the excess shall be released from escrow and revert back to such tobacco product manufacturer; or
72 Del. Laws, c. 182, § 1; 74 Del. Laws, c. 378, § 1.;