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Chart Presents State-by-State Policy With Case Citations

 October 19, 2016

 Most jurisdictions acknowledge the general rule of successor liability: when a corporation acquires the assets of another business entity it does not as a matter of law assume the liabilities of the prior business. However, there are four exceptions to the rule that are accepted in many jurisdictions. The purchase may result in successor liability if there is (1) an express assignment of liability, (2) a merger or consolidation, (3) a mere continuation, or (4) fraud.

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