successor
Defined in 5 dictionaries — U.S. Code, Cyclopedic (1922), Bouvier (1914), Black's (1910), Kinney (1893)
United States Code
12 U.S.C. § 1841 — for purposes of this chapter
The term “successor” shall include any company which acquires directly or indirectly from a bank holding company shares of any bank, when and if the relationship between such company and the bank holding company is such that the transaction effects no substantial change in the control of the bank or beneficial ownership of such shares of such bank. The Board may, by regulation, further define the term “successor” to the extent necessary to prevent evasion of the purposes of this chapter.
20 U.S.C. § 80Q — as used in this section (6 versions over time)
As used in this section, the terms “qualified successor to the Heye Foundation at Audubon Terrace”, “qualified successor”, and,1 “successor” mean an organization described in section 501(c)(3) of title 26, and exempt from tax under section 501(a) of title 26, that, as determined by the Board of Regents—
(1) is a successor occupant to the Heye Foundation at Audubon Terrace, 3753 Broadway, New York, New York;
(2) is qualified to operate the area referred to in paragraph (1) for the purposes described in that paragraph; and
(3) is committed to making a good faith effort to respond to community cultural interests in such operation.
29 U.S.C. § 1301 — for purposes of this subchapter (5 versions over time)
"successor" means any person that acquires, directly or indirectly through the application of section 318 of title 26, more than 50 percent of the total voting power of the stock of a related person, more than 50 percent of the total value of the securities (as defined in section 1002(20) of this title) of the related person, more than 50 percent of the total value of the assets of the related person, or any person into which such related person shall be merged or consolidated; and
The Cyclopedic Law Dictionary
Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922
One who follows or comes into the place of another. This term is applied more particularly to a sole corporation, or to any corporation. -The word "heir" is more correctly applicable to a common person who takes an estate by descent. 12 Pick. (Mass.) 322; Co. Litt. 8b. A person who has been appointed or elected to some office after another person. SUCCURRITUR MIN0R1; FACILIS EST lapsus juventutis. A minor is to be aided; youth is liable to err. Jenk. Cent. Gas. 47.
Bouvier's Law Dictionary and Concise Encyclopedia
John Bouvier; revised by Francis Rawle · 1914
One who follows or comes into the place of another. This term is applied more particularly to a sole corporation, or to any corporation. The word heir is more correctly applicable to a common person who takes an estate by descent. Alger v. Fay, 12 Pick. (Mass.) 322; Co. Litt. 8 b. “No doubt, for a long time, only the word ‘heirs' was used in charters of incorporation, and then ‘heirs and successors,’ and finally ‘successors’ alone became recognized as more appropriate.... The change from ‘heirs’ to ‘successors’ was gradual and marked by alternations in their use, and sometimes by the use of both.” A. M. Eaton in 1902 Amer. Bar Asso. Rep. 321. It seems probable that in a limitation to a corporation sole, unless the word “successors” be used, the donee obtains only an esal capacity, burdened, it may be, with a trust in behalf of his qffice. A limitation to a corporation aggregate, though without words of inheritance, will confer a fee simple. Where electrotype plates belonged to two firms and “their heirs and successors,” and they passed to one of the firms, and thence to one of its members, who sold them to a third firm, the latter was held not a “successor.” Meyer v. Estes, 164 Mass. 457, 41 N. E. 683, 32 L. R. A. 283. A person who has been appointed or elected to some office after another person.
Black's Law Dictionary
Henry Campbell Black, M.A. · 1910
One who succeeds to the rights or the place of another; particularly, the person or persons who constitute a corporation after the death or removal of those who preceded them as corporators. One who has bsen appointed or elected to hold an office after the term of the present incumbent.
— Singular snccessor. A term borrowed from the civil law, denoting a person who succeeds to the rights of a former owner in a single article of property, (as by purchase,) as distinguished from a universal successor, who succeeds to all the rights and powers of a former owner, as in the case of a bankrupt or intestate estate.
A Law Dictionary and Glossary
George C. Kinney · 1893
One who follows another; one who comes into the place of another.