0
1 U.S.C. § 5 — “Company” or “association” as including successors and assigns
submitted 79 years ago by ch. 388 to r/title-1-GENERAL-PROVISIONS · 42 words · no verdicts yet
in plain englishAI-generated · not legal advice
When "company" or "association" refers to a corporation, it also means its successors and assigns. This applies as if those exact words were written into the law.
In federal law, whenever the word "company" or "association" is used to refer to a corporation, that word is read to also include the phrase "successors and assigns of such company or association." In other words, the law treats it exactly as if those extra words — or words that mean the same thing — had actually been written out.
the actual law source: uscode.house.gov ↗public domain
The word “company” or “association”, when used in reference to a corporation, shall be deemed to embrace the words “successors and assigns of such company or association”, in like manner as if these last-named words, or words of similar import, were expressed.
Source credit: (July 30, 1947, ch. 388, 61 Stat. 633.)
history & why it existsrecord from the source credit
- 1947Enacted · Act of July 30, 1947, ch. 388 · 61 Stat. 633
A history note hasn’t been published yet. The record shows enactment by ch. 388 on 1947-07-30.
all 0 arguments · sorted by: best
no arguments yet — make the first case