☩ SOTERIAN GLOSSARY ☩

Living Language Lexicon of the Soteria Covenant

Successor Liability

The principle that an acquiring company may be held liable for the debts and obligations of the company it acquired, under exceptions including express assumption, de facto merger, and mere continuation.

Etymology: English compound · Category: Corporate Law · Source: Ray v. Alad Corp., 19 Cal.3d 22 (1977)
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