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Succession |
Also found in: Dictionary/thesaurus, Medical, Financial, Encyclopedia, Wikipedia, Hutchinson | 0.06 sec. |
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The transfer of title to property under the law of Descent and Distribution. The transfer of legal or official powers from an individual who formerly held them to another who undertakes current responsibilities to execute those powers. succession n. the statutory rules of inheritance of a dead person's estate when the property is not given by the terms of a will, also called laws of "descent and distribution." (See: descent and distribution, inheritance) SUCCESSION, in Louisiana. The right and transmission of the rights an
obligations of the deceased to his heirs. Succession signifies also the
estate, rights and charges which a person leaves after his death, whether
the property exceed the charges, or the charges exceed the property, or
whether he has left only charges without property. The succession not only
includes the rights and obligations of the deceased, as they exist at the
time of his death, but all that has accrued thereto since the opening of the
succession, as also of the new charges to which it becomes subject. Finally,
succession signifies also that right by which the heir can take possession
of the estate of the deceased, such as it may be.
SUCCESSION, com. law. The mode by which one set of persons, members of a corporation aggregate, acquire the rights of another set which preceded them. This term in strictness is to be applied only to such corporations. 2 Bl. Com. 430. |
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