assignment by operation of law

A transfer of a right or obligation as a necessary consequence of a change in legal status, regardless of the affected party’s intent.

• For example, a right and a corresponding obligation may dis-appear if they vest in the same person, as might happen in a merger or acquisition.

---

词条贡献者

法律翻译Jian，毕业于新加坡知名法学院，专注翻译各类与证券诉讼有关的法律文件。