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Home > Legal Research > Glossary
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Vacant succession |
Definition
in the civil law of Louisiana : an estate that has not been claimed, of which the heirs are unknown, or that has been renounced by all of the heirs
4 a : the continuance of a corporation's status as a legal person <perpetual corporate ~>
b : the act or process by which one corporation assumes ownership of another <documents...that all aim to prepare your company for its new owner's ~ Saul Berkowitz>
5 : the act or process by which one state takes over or follows upon another and becomes entitled to its rights and position in international law
Based on Merriam-Webster's Dictionary of Law ©2001.
Merriam-Webster, Incorporated
Published under license with Merriam-Webster, Incorporated.
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