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.
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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.
In applying succession law principles to the copyright regime, one
Women are finally able to access marital property, and exercise the equal right granted under the Organic Land Law, via the Succession Law's amendments to the marital regime.
(231) Finally, an unlawful means-end relation (the Mittel-Zweck Relation), which has the most significance in succession law, (232) can occur when, for example, a housekeeper threatens to quit in order to provoke a testamentary disposition in her favor.
In any event, the point here is not that a succession law can be foolproof--only that it do the best practicable job at ensuring those qualities that are necessary in the presidency during a crisis.
(33) Related to this premise is the "clean slate" doctrine of treaty succession law, which requires both parties to certain treaties to reaffirm those treaties after the demise of one of the original parties.
Property Passing, by will or by operation of state intestate succession law, from an individual to his or her heirs or other beneficiaries.
He advises private clients, family businesses and landowners on a broad range of issues including capital taxation and estate planning, asset protection, trust and succession law, with a particular focus on inheritance tax and capital gains tax planning for individuals and trusts.
However, according to Christine Smyth, Queensland Law Society president and succession law specialist, the law was modified in 2006 to allow for less formal types of documents to be accepted as wills.
They begin with a general introduction to Greek history and demographics, sources of family and succession law, and the competent courts and procedural matters.
The topics vary from beards to property inheritance to forms and philosophy of criminal punishment to Peters controversial succession law. The three contributions from Russian scholars are sharply focused studies of specific questions based on intensive archival research, aiming to deliver new thoughts about themes often discussed but previously only superficially examined.
and he will be succeeded under the succession law ...