successor Hear it!

successor definition - legal

n

A person who takes over the rank, office, duties, or privileges of another; a corporation that through merger, buy-out, or other means acquires the duties, stock, rights, and debts of another corporation, known as the predecessor.

Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.

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