Iowa Code 686A.7 – Setoff — credit
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Terms Used In Iowa Code 686A.7
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
- Plaintiff: The person who files the complaint in a civil lawsuit.
686A.7 Setoff — credit.
In any asbestos action in which damages are awarded and setoffs are permitted under
applicable law, a defendant is entitled to a setoff or credit in the amount the plaintiff has been awarded from an asbestos trust identified in § 686A.6, subsection 1, and the amount of the valuation established under § 686A.6, subsection 2. If multiple defendants are found liable for damages, the court shall distribute the amount of setoff or credit proportionally between the defendants, according to the liability of each defendant.
2017 Acts, ch 11, §7
In any asbestos action in which damages are awarded and setoffs are permitted under
applicable law, a defendant is entitled to a setoff or credit in the amount the plaintiff has been awarded from an asbestos trust identified in § 686A.6, subsection 1, and the amount of the valuation established under § 686A.6, subsection 2. If multiple defendants are found liable for damages, the court shall distribute the amount of setoff or credit proportionally between the defendants, according to the liability of each defendant.
2017 Acts, ch 11, §7