mere continuation doctrine

mere-continuation doctrine. A principle under which a successor corporation will be held liable for the acts of a predecessor corporation, if only one corporation remains after the transfer of assets, and both corporations share an identity of stock, shareholders, and directors. — Also termed continuity-of-entity doctrine. Cf. SUBSTANTIAL-CONTINUITY DOCTRINE. [Cases: Corporations 445.

1. C.J.S. Corporations § 657.]

---

词条贡献者

资深译员Tommy，毕业于亚洲顶尖的高级翻译学院，擅长翻译有关基础设施/交通运输领域的法律文件。