Successor means a non-Federal entity that has replaced a predecessor by acquiring the assets and carrying out the affairs of the predecessor under a new name (often through acquisition or merger). https://www.law.cornell.edu › text 2 CFR § 25.465 - Successor. | US Law | LII / Legal Information Institute
Black's Law Dictionary defines a successor as a “corporation that, through amalgamation, consolidation, or other assumption of interests, is vested with the rights and duties of an earlier corporation.” BLACK'S LAW DICTIONARY 1473(8th ed. 2004).