successor in interest

successor in interest
One who follows another in ownership or control of property.
In order to be a "successor in interest", a party must continue to retain the same rights as original owner without change in ownership and there must be change in form only and not in substance, and transferee is not a "successor in interest."
In case of corporations, the term ordinarily indicates statutory succession as, for instance, when corporation changes its name but retains same property. City of New York v. Turnpike Development Corp., 36 Misc.2d 704, 233 N.Y.S.2d 887, 890

Black's law dictionary. . 1990.

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