Akademik

suc·ces·sion /sək-'se-shən/ n

1 a: the order in which or the conditions under which one person after another succeeds to a property, dignity, position, title, or throne

b: the right of a person or line of ancestry to succeed

c: the line of ancestry having such a right

2 a: the act or process of following in order

b: the act or process of one person's taking the place of another in the enjoyment of or liability for rights or duties or both

3: the act or process by which a person becomes entitled to the property or property interest of a deceased person and esp. an intestate: the transmission of the estate of a decedent to his or her heirs, legatees, or devisees; also: the estate of the deceased including assets and liabilities

— used chiefly in the civil law of Louisiana

1: the transmission of property or property interests of a decedent as provided by statute as distinguished from the transfer in accordance with the decedent's will; also: the operation of such statutory provisions in transmitting intestate property

would take the property by intestate succession

2 in the civil law of Louisiana: property that is not disposed of by will but by operation of statute

who presents himself to claim an intestate succession — Louisiana Civil Code

testate succession: the transmission of property in accordance with a valid will

vacant succession in the civil law of Louisiana: an estate that has not been claimed, of which the heirs are unknown, or that has been renounced by all of the heirs

4 a: the continuance of a corporation's status as a legal person

b: the act or process by which one corporation assumes ownership of another

documents...that all aim to prepare your company for its new owner's succession — Saul Berkowitz

5: the act or process by which one state takes over or follows upon another and becomes entitled to its rights and position in international law