Legal Dictionary of Pakistan

vacant succession

Civil law. 1. A succession that fails either because there are no known heirs or because the heirs have renounced the estate. 2. An estate that has suffered such a failure. 3. The right by which one group, in replacing another group, acquires all the goods, movables, and other chattels of a corporation. 4. The continuation of a corporation's legal status despite changes in ownership or management. - Also termed artificial succession. -successor, n.