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Code of Federal Regulations (Last Updated: May 6, 2024) |
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Title 2 - Grants and Agreements |
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Subtitle A - Office of Management and Budget Guidance for Grants and Agreements |
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Chapter I - Office of Management and Budget Governmentwide Guidance for Grants and Agreements |
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Part 25 - Universal Identifier and System for Award Management |
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Subpart D - Definitions |
§ 25.465 - Successor.
Latest version.
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§ 25.465 Successor.
Successor means a non-Federal entity that has replaced a predecessor by acquiring the assets and carrying out the affairs of the predecessor under a new name (often through acquisition or merger). The term “successor” does not include new offices or divisions of the same company or a company that only changes its name.