In the US government it is called the line of succesion. It starts when the president dies, or quits office.
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I think that the deceased owner's closest relative, who is able to rule the enterprise will be its president, if not under any penal action.
If a President dies and the Vice President takes over, the new President would appoint a vice president, authorized by the 25th amendment.
The Vice President. Then the speaker of the house.
If a President dies and the Vice President takes over, the new President would appoint a vice president, authorized by the 25th amendment.
a term is like, how long, so in this case, that person or something would have that job, or something like that for four years. for example, the president of the U.S. has a four-year-term than someone elso takes over if they're not reelected.
The 25th amendment to the Constitution refers to what happens if a President dies or resigns from office. It says that the Vice President takes over for the President if he is unable to do his duties.