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Successor Fiduciary Law and Legal Definition. Successor fiduciary is the next person or organization appointed when a vacancy arises in a conservatorship or guardianship. The vacancy may arise due to aguardianâs death, removal, or resignation. Legal Definition list
Entity Department is not authorized to determine your companyâs successor status. Definition of Succesorship: When an employer acquires substantially all of the property used by the. predecessor in its business and employs individual who immediately prior to the acquisition were employed. by the predecessor. [IRS Reg.