Understanding the exact transferee meaning can be a little tricky. For quite some time I only knew that a transferee is a person who has been transferred. I know many of you may be of the same view. But the meaning of transferee is a whole lot different in terms of real estate and property and I am going to explain it to you clearly.
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A transferee is a person who receives a title or property. Any party receiving title or custody of the delivery is referred to as a transferee; any party relinquishing title or custody is referred to as a transferor, and any party receiving and relinquishing title or custody is referred to as both a transferee and a transferor. It can also be defined as a person to whom another sells a property, shares, or other assets. The transferor hands over the property to the transferee.
What does transferee mean?
It refers to precautions taken by the defendant transferee to avoid consuming or disposing of money (or comparable value) received as a result of an erroneous payment. This condition is identical to the original, with the exception that it does not apply when the upward transferor is below the mean and the upward transferee is above it.
A transferee is a person who acquires an ownership interest in a certificate through a transfer. The Transferee provides adequate proof of ownership of the property designated to receive service and the source of the Membership.
If an Investor wishes to Transfer all or a portion of the Tracking Stock it owns the Investor must first deliver to EchoStar a Proposed Transfer Notice stating its bona fide intention to Transfer.
Any person who acquires any Ownership Interest in a Residual Certificate through a Transferee is referred to as a Transferee. It refers to anyone to whom the Optionee has transferred any Share obtained under this Agreement, whether directly or indirectly. Transferee also means to sell, agreement to sell, offer, allocate, hypothecate, commit, encumber, bestow a property right in, offer, sell any alternative or agreement to purchase, buy an option or agreement to sell, offer any option, right or warrant to buy, lend, or otherwise transmit or dispose of any economic, voting, or other rights in or to any security, whether directly or indirectly.
I hope now you understand the transferee meaning in real estate context too.
Read More: What is Transfer of Property? What are the Modes of Transfer of Property?
Who is Transferee?
Renuka
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2022-06-16T09:16:16+00:00 2022-06-16T09:16:18+00:00Comment
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