Succession

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Succession

The rules of or process by which a person goes about filling a role previously held by another person. In estates, succession determines who owns the property of the decedent, with everything going to the next of kin in the absence of a will. In business, succession is the process by which one employee, especially a major executive like the CEO, is replaced by another person. In determining succession, a board of directors ought to exercise caution to ensure that an executive is not only competent, but also does not bring any conflicts of interest to the company.
References in periodicals archive ?
87) Instead, we should ask whether rulers who chose a successor did so in accordance with the spirit of Peter's succession law, as depicted above, or whether they simply abused it.
The Court of Appeal for Ontario's decision to overturn the trial judge's declaration that the will was void on the grounds of public policy was consistent with upholding the doctrine of testamentary freedom which is fundamental to succession law.
At the heart of contemporary succession law is testamentary
The Succession Law creates a presumption that spouses jointly own all marital property, but allows for property to be titled only to one spouse.
447) Moreover, almost all of the modest international efforts concerning succession law have focused on procedural issues such as private international law or conflicts of laws.
Although the following paragraphs greatly simplify complex political battles, they illustrate the concerns of those who find the 1947 succession law wanting.
As a matter of international treaty succession law, the recognition of the continuing duties embodied by the Baker Principles may have been sufficient to bind the United States and the states of the former Soviet Union.
Peter's succession law of 1722 replaced the customary practices of succession by primogeniture, supplemented or supplanted on occasion by designation of the heir's predecessor or election by members of the ecclesiastical and court elite.
Family and succession law in England and Wales, 2d ed.
This issue is discussed in the article elsewhere in this publication entitled "Wills and Succession Law Amends Family Law".
This succession law was passed in 1701 which makes us about as progressive as a country still governed by the Old Etonians.
King Abdullah Bin Abdul Aziz of Saudi Arabia issues a decree detailing regulations to implement a succession law that was announced a year ago.