Successor in Interest Law & Legal Definition


The term successor in interest means a successor to another's interest in property, especially a successor in ownership of a business that is carried on and controlled substantially as it was before the transfer.

in Lake Erie the Ohio Supreme Court stated that the term "successor in interest," as used in Ohio workers' compensation statutes and regulations, "is simply a transferee of a business in whole or in part." 578 N.E.2d at 460.

Khan v. Douglas Mach. & Tool Co., 661 F. Supp. 2d 437, 445 (S.D.N.Y. 2009)