49 CFR Part 534 – Rights and Responsibilities of Manufacturers in the Context of Changes in Corporate Relationships
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Terms Used In 49 CFR Part 534 - Rights and Responsibilities of Manufacturers in the Context of Changes in Corporate Relationships
- Contract: A legal written agreement that becomes binding when signed.
- Control relationship: means the relationship that exists between manufacturers that control, are controlled by, or are under common control with, one or more other manufacturers. See 49 CFR 534.3
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Predecessor: means a manufacturer whose rights have been vested in and whose burdens have been assumed by another manufacturer. See 49 CFR 534.3
- Statute: A law passed by a legislature.
- Successor: means a manufacturer that has become vested with the rights and assumed the burdens of another manufacturer. See 49 CFR 534.3