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Under the civil law system, cession is the equivalent of assignment, and therefore, is an act by which a personal claim is transferred from the assignor (the cedent) to the assignee (the cessionary). Whereas real rights are transferred by delivery, personal rights are transferred by cession. Once the obligation of the debtor is transferred, the ...
A New Hampshire man holds a sign advocating for secession during the 2012 presidential election. In the context of the United States, secession primarily refers to the voluntary withdrawal of one or more states from the Union that constitutes the United States; but may loosely refer to leaving a state or territory to form a separate territory or new state, or to the severing of an area from a ...
Secession is the formal withdrawal of a group from a political entity. The process begins once a group proclaims an act of secession (such as a declaration of independence). [1] A secession attempt might be violent or peaceful, but the goal is the creation of a new state or entity independent of the group or territory from which it seceded. [2]
While Slovenia, Croatia, Bosnia and Herzegovina and the Republic of Macedonia interpreted the breakup of Yugoslavia as a definite replacement of the earlier Yugoslav socialist federation with new sovereign equal successor states, newly established FR Yugoslavia (Serbia and Montenegro) claimed that it is sole legal successor entitled to the assets as well as automatic memberships in ...
A state may acquire sovereignty over territory if that sovereignty is ceded (transferred) to it by another state. Cession is typically effected by treaty.Examples of cession include the cession of Hong Kong Island and Kowloon, purchases such as the Louisiana Purchase and the Alaska Purchase, and cessions involving multiple parties such as the Treaty on the Final Settlement with Respect to Germany.
A pension buyout (alternatively buy-out) is a type of financial transfer whereby a pension fund sponsor (such as a large company) pays a fixed amount in order to free itself of any liabilities (and assets) relating to that fund. The other party, usually an insurer, receives the payment but takes on responsibility for meeting those liabilities.
A similar situation applies to the Caucasus countries of Armenia, Azerbaijan and Georgia, which claimed continuity of the pre-1921 republics before being conquered by the Red Army as well as Ukraine, which as mentioned above, is the de facto successor to the Ukrainian People's Republic that was founded in 1917 before its Sovietization in 1919 ...
The cession of these lands, which for the most part lay between the Appalachian Mountains and the Mississippi River, was key to establishing a harmonious union among the former British colonies. The areas ceded comprise 236,825,600 acres (370,040.0 sq mi; 958,399 km 2 ), or 10.4 percent of current United States territory , and make up all or ...