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In company law, perpetual succession is the continuation of a corporation's or other organization's existence despite the death, bankruptcy, insanity, change in membership or an exit from the business of any owner or member, or any transfer of stock,etc.

As a company is an entity in its own right, it has a perpetual succession. Member’s death or transfer of share does not affect the existence of a company. As an abstract legal person a company cannot die but its existence can be brought to an end through winding up.  

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