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cottonisking

10/10/24 9:24 PM

#111663 RE: cottonisking #111650

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).



See successor in Lehman's Framework Agreement.