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successor in interest

   Also found in: Acronyms 0.01 sec.
successor in interest

An owner of property after the one being described.

Example: Jim executed a mortgage on property that was never paid off, but which never showed up in title searches until recently, despite the fact the property had been sold several times. All of Jim's successors in interest were in danger of losing their property to a foreclosure by the mortgage holder.



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The NLRB decided that All American was a successor in interest and that it was required to reinstate, or maintain reinstatement of, the employee absent a justifiable reason for termination and be jointly and severally liable with the predecessor Golden State for payment of the backpay award.
which provides payments to a retired partner or deceased partner or a deceased partner's successor in interest.
 
 
 
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