succession

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Succession

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.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.

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)

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.

succession

following another, used in relation to the taking over of a body corporate including the Crown. Succession to the Crown is governed by law but can be upset by abdication. Technically, the area of law regulating the passing of property from a deceased person. See INTESTACY, TESTATE.
Collins Dictionary of Law © W.J. Stewart, 2006

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.
     2. There are three sorts of successions, to wit: testamentary succession; legal succession; and, irregular succession. 1. Testamentary succession is that which results from the constitution of the heir, contained in a testament executed in the form prescribed by law. 2. Legal succession is that which is established in favor of the nearest relations of the deceased. 3. Irregular succession is that which is established by law in favor of certain persons or of the state in default of heirs either legal or instituted by testament. Civ. Code, art. 867-874.
     3. The lines of a regular succession are divided into three, which rank among themselves in the following order: 1. Descendants. 2. Ascendants. 3. Collaterals. See Descent. Vide Poth. Traite des Successions Ibid. Coutumes d'Orleans, tit. 17 Ayl. Pand. 348; Toull. liv. 3, tit. 1; Domat, h.t.; Merl. Repert. h.t.

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.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
The diversity of the systems of law existing between the EU member states, of the institutions with jurisdiction in the succession procedure, of the different regulations in national plan in the matter of successions, as well as different approaches in the case when some procedural aspects are regulated both by internal legislative documents and by communitarian or international legislative documents, raises real problems to the practitioners of law within the development of the succession procedure with extraneous elements.
The Middle East continues to have one of the highest CEO succession rates with 21% of the 62 largest listed ME corporates seeing a new CEO take the helm in 2015, a report by Strategy& shows.
Further, 78 per cent of companies undergoing planned successions in 2014 promoted someone from within the company to fill the CEO post.
Worldwide, the percentage of CEO successions that are planned climbed to 82 per cent in the 2012-2014 periods from 63 per cent in the 2000-2002 periods, according to the report.
Second, at its most fundamental, this is a case study collection of best and worst successions, and the technical, political, and cultural factors that created them.
As observed, researchers have directly and indirectly referred to the relation between successions knowledge management.
But the reality in planning for CEO successions is far from ideal.
In all of my years consulting, the most successful internal successions are as unique to the firm as the firm itself.
In 2012, 31.4 percent of all successions were nonvoluntary departures, the highest rate since 2003.
This study examines marathon successions, which I define as top executive searches that are extended past the formal departure notice of the incumbent chief executive officer (CEO).
Nine types of facies associations are recognised in the Nyalau Formation, which form elements of larger-scale facies successions. Wave-dominated shoreface facies successions display coarsening upward trends from Offshore, into Lower Shoreface and Upper Shoreface Facies Associations.

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