MERE-CONTINUATION DOCTRINE

mere-continuation doctrine.A principle under which a successor corporation will be held liable for the acts of a predecessor corporation, if only one corporation remains after the transfer of assets, and both corporations share an identity of stock, shareholders, and directors. — Also termed continuity-of-entity doctrine. Cf. SUBSTANTIAL-CONTINUITY DOCTRINE. [Cases:

Corporations 445.1. C.J.S. Corporations § 657.]

[Blacks Law 8th]