Mere-Continuation Exception

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Mere-Continuation Exception

Definition

Exception to the general rule of nonliability for successor corporations that focuses on the continuity of the corporate structure and applies if the successor corporation has the same stockholders and directors as the acquired company and conducts the same business with the same facilities, employees, and products.

Related rules

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— Cambridge Townhomes, LLC v. Pacific Star, Inc.

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— Savage Arms, Inc. v. Western Auto Supply Co.

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