Devralma

Devralma is a Turkish term that denotes the act of taking over or assuming custody, control, or ownership of property, assets, or responsibilities from another party. In legal and business usage, it describes the formal transfer of title or control from one entity to another, such as when a buyer acquires a company, when assets are assigned to a successor, or when a deceased person’s rights and obligations are passed to an heir.

Etymology and scope: The word is formed from the Turkish verb devralmak, meaning to take over, with the noun suffix -ma to indicate the act. Devralma thus covers a range of contexts, including estate and inheritance arrangements, corporate acquisitions and mergers, and administrative handovers of public assets or contracts. In many cases, the term is used to describe both the transfer of rights and the assumption of liabilities.

Procedures and implications: A devralma typically involves legal documentation, registration of ownership or control with relevant authorities, and may require due diligence, valuation, tax planning, and notification to creditors or clients. The exact requirements depend on the jurisdiction and the nature of the transferred asset.

See also: Inheritance and succession, corporate takeover and merger, asset transfer, civil law. Note that the term’s exact legal meaning can vary by jurisdiction and context.