statutory successor

One who succeeds to the assets of a corporation upon its dissolution; specif., the person to whom all corporate assets pass upon a corporation’s dissolution according to the statute of the state of incorporation applicable at the time of the dissolution. See Restatement (Second) of Conflict of Laws § 388 cmt. a (1971). [Cases: Corporations 619. C.J.S. Corporations §§ 863–865.]

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词条贡献者

双语律师Virginia，国内知名法学院民商法专业，擅长翻译各类与公司与并购相关的法律文件。