Successor in interest
Term · Law · MLC-T-LAW-004758
A party that acquires the rights, obligations, and property of another entity through a legal transfer. This transfer can occur through purchase, merger, inheritance, or other legal means. The successor steps into the shoes of the original party, assuming its legal position regarding specific assets or liabilities.
| Identifier | MLC-T-LAW-004758 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-004758",
"term": "Successor in interest",
"field": "Law",
"definition": "A party that acquires the rights, obligations, and property of another entity through a legal transfer. This transfer can occur through purchase, merger, inheritance, or other legal means. The successor steps into the shoes of the original party, assuming its legal position regarding specific assets or liabilities.",
"url": "https://mlchart.com/terminology/law/successor-in-interest/"
}
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