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Legal Successor (organization)
A legal successor of an organization is a successor entity legally declared and recognized as such in all or some respects. Laws governing legal succession may be different for legal successors of business and non-profits, as well as in historical sense. Laws for nonprofits In the case of a merger, the surviving organization is the legal successor to the others in respect to liability. In the case of dissolution without assigning a legal successor, the funds and assets of the dissolved entity may be granted to other entities. The latter entities are not legal successors, but simply as grantees of the mentioned funds. Different types of organizations may have specific laws as to legal succession in particular cases. For example, the 2015 Kansas Kansas ( ) is a landlocked U.S. state, state in the Midwestern United States, Midwestern region of the United States. It borders Nebraska to the north; Missouri to the east; Oklahoma to the south; and Colorado to the west. Kansas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Legal Successor (business)
A successor company takes the business (products and services) of a previous company or companies, with the goal to maintain the continuity of the business. To this end, the employees, board of directors, location, equipment, and even product name may remain the substantially the same at the moment of succession. This form of continuation saves money for the initial ramp-up (employee training, equipment purchase, marketing, etc.). If the previous company was failing, this is a disadvantage for its successors in various respects. If the successor succeeds where the predecessor failed, the company may be called a " phoenix company" ("rising from the ashes"). In general, the successor is not responsible for the liabilities of the predecessor, unless the consent was given to this or a court decides that the succession was for the purpose of shielding assets from liability, or as otherwise restricted by law. The term successor in business has similar meaning, potentially being used to de ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Non-profit
A nonprofit organization (NPO), also known as a nonbusiness entity, nonprofit institution, not-for-profit organization, or simply a nonprofit, is a non-governmental (private) legal entity organized and operated for a collective, public, or social benefit, as opposed to an entity that operates as a business aiming to generate a Profit (accounting), profit for its owners. A nonprofit organization is subject to the non-distribution constraint: any revenues that exceed expenses must be committed to the organization's purpose, not taken by private parties. Depending on the local laws, charities are regularly organized as non-profits. A host of organizations may be non-profit, including some political organizations, schools, hospitals, business associations, churches, foundations, social clubs, and consumer cooperatives. Nonprofit entities may seek approval from governments to be Tax exemption, tax-exempt, and some may also qualify to receive tax-deductible contributions, but an enti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Merger
Mergers and acquisitions (M&A) are business transactions in which the ownership of a company, business organization, or one of their operating units is transferred to or consolidated with another entity. They may happen through direct absorption, a merger, a tender offer or a hostile takeover. As an aspect of strategic management, M&A can allow enterprises to grow or downsize, and change the nature of their business or competitive position. Technically, a is the legal consolidation of two business entities into one, whereas an occurs when one entity takes ownership of another entity's share capital, equity interests or assets. From a legal and financial point of view, both mergers and acquisitions generally result in the consolidation of assets and liabilities under one entity, and the distinction between the two is not always clear. Most countries require mergers and acquisitions to comply with antitrust or competition law. In the United States, for example, the Clayt ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Surviving Organization
Survival skills are techniques used to sustain life in any type of natural environment or built environment. These techniques are meant to provide basic necessities for human life, including water, food, and shelter. Survival skills also support proper knowledge and interactions with animals and plants to promote the sustaining of life over time. Survival skills are basic ideas and abilities that ancient people invented and passed down for thousands of years. Today, survival skills are often associated with surviving in a disaster situation. Outdoor activities such as hiking, backpacking, horseback riding, fishing, and hunting all require basic wilderness survival skills, especially to handle emergencies. Individuals who practice survival skills as a type of outdoor recreation or hobby may describe themselves as survivalists. Survival skills are often used by people living off-grid lifestyles such as homesteaders. Bushcraft and primitive living are most often self-implement ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dissolution (law)
In law, dissolution is any of several legal events that terminate a legal entity or agreement such as a marriage, adoption, corporation, or union. Dissolution is the last stage of liquidation, the process by which a company (or part of a company) is brought to an end, and the assets and property of the company are gone forever. Dissolution of a partnership is the first of two stages in the termination of a partnership. "Winding up" is the second stage. Dissolution may refer to the termination of a contract or other legal relationship. For example, in England and Wales, divorce is the end of a marriage; dissolution is the end of a civil partnership. ( A common misperception is that dissolution is only if the husband or wife does not agree: if the husband and wife agree then it is a dissolution). Dissolution is also the term for the legal process by which an adoption is reversed. While this applies to the vast majority of adoptions which are terminated, they are more commonly ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kansas
Kansas ( ) is a landlocked U.S. state, state in the Midwestern United States, Midwestern region of the United States. It borders Nebraska to the north; Missouri to the east; Oklahoma to the south; and Colorado to the west. Kansas is named after the Kansas River, in turn named after the Kaw people, Kansa people. Its List of capitals in the United States, capital is Topeka, Kansas, Topeka, and its List of cities in Kansas, most populous city is Wichita, Kansas, Wichita; however, the largest urban area is the bi-state Kansas City metropolitan area split between Kansas and Missouri. For thousands of years, what is now Kansas was home to numerous and diverse Plains Indians, Indigenous tribes. The first settlement of non-indigenous people in Kansas occurred in 1827 at Fort Leavenworth. The pace of settlement accelerated in the 1850s, in the midst of political wars over the Slavery in the United States, slavery debate. When it was officially opened to settlement by the U.S. governm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Unified District
A unified school district (in the states of Arizona, California, Kansas and Oregon) or unit school district (in Illinois), in the United States of America, is a school district that generally includes and operates both primary schools (kindergarten through middle school or junior high) and high schools (grades 9–12) under the same district control. This distinction is predominant in states where elementary school districts and high school districts are, or were, generally separate. The Los Angeles Unified School District is a major example of a unified school district in California. In California and Illinois, and possibly other states, unified or unit school districts are not the same as consolidated or union school districts, which are generally formed by the consolidation of multiple school districts of the same type. In Kansas, the unified school districts developed after legislation was passed in 1962 that was intended to reduce the number of rural school districts. Afte ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Types Of Organization
Type may refer to: Science and technology Computing * Typing, producing text via a keyboard, typewriter, etc. * Data type, collection of values used for computations. * File type * TYPE (DOS command), a command to display contents of a file. * Type (Unix), a command in POSIX shells that gives information about commands. * Type safety, the extent to which a programming language discourages or prevents type errors. * Type system, defines a programming language's response to data types. Mathematics * Type (model theory) * Type theory, basis for the study of type systems * Arity or type, the number of operands a function takes * Type, any proposition or set in the intuitionistic type theory * Type, of an entire function ** Exponential type Biology * Type (biology), which fixes a scientific name to a taxon * Dog type, categorization by use or function of domestic dogs Lettering * Type is a design concept for lettering used in typography which helped bring about modern textua ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
