transfer

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Transfer

To remove or convey from one place or person to another. The removal of a case from one court to another court within the same system where it might have been instituted. An act of the parties, or of the law, by which the title to property is conveyed from one person to another.

Transfer encompasses the sale and every other method, direct or indirect, of (1) disposing of property or an interest therein or possession thereof; or (2) fixing a lien (a charge against property to secure a debt) absolutely or conditionally, voluntarily or involuntarily, with or without judicial proceedings, in the form of a conveyance, sale, payment, pledge, lien, mortgage, gift, or otherwise. The term transfer has a general meaning and can include the act of giving property by will.

Transfer is the comprehensive term used by the Uniform Commercial Code (UCC)—a body of law adopted by the states that governs mercantile transactions—to describe the act that passes an interest in an instrument (a written legal document) from one person to another.

transfer

n. 1) the movement of property from one person or entity to another. 2) passage of title to property from the owner to another person. 3) a piece of paper given to allow a person or shipment to continue travel.

transfer

to make over to another rights in or interests over property; sometimes the term is used as a noun to denote the instrument by which this is effected.

TRANSFER, cont. The act by which the owner of a thing delivers it to another person, with the intent of passing the rights which he has in it to the latter.
     2. It is a rule founded on the plainest dictates of common sense, adopted in all systems of law, that no one can transfer a right to another which he has not himself: nemo plus juris ad alienum transfers potest quam ipse habet. Dig. 50, 17, 54 10 Pet. 161, 175; Co. Litt. 305.
     3. To transfer means to change; for example, one may transfer a legacy, either, 1st. By the change of the person of the legatee, as, I bequeath to Primus a horse which I before bequeathed to Secundus. 2d. By the change of the thing bequeathed, as, I bequeath to Tertius my History of the United States instead of my copy of the Life of Washington. 3d. By the change of the person who was bound to pay the legacy, as, I direct that the sun) of one hundred dollars, which I directed should be charged upon my house which I gave to Quartus, shall be paid by my executors.

References in periodicals archive ?
He asked delegates to trust Stephen Byers' recent commitment that the Government would meet its 2010 target for improving housing stock with or without stock transfer.
We do know that stock transfer will result in a loss of property to the city which is worth millions.
We know all these disadvantages and yet stock transfer is still being vaunted as the salvation of social housing.
We suggest that five years is adequate to vindicate section 367's tax policy; such an approach would be consistent with the proposed rule for stock transfers to non-CFCs under Prop.
[SECTION] 1.367(a)-3 generally reflects the outbound stock transfer rules of Notice 87-85, 1987-2 C.B.
However, with respect to the stock transfer rules, the IRS should have eliminated the interest charge provisions in order to make their expanded scope more palatable.
The current rules governing outbound stock transfers do not apply to the transfer of stock in a foreign corporation pursuant to a reorganization described in section 368 if that foreign corporation is a party to the reorganization (within the meaning of section 368(b)).
Thus, outbound stock transfers generally would not be subjec to gain recognition under section 367(a) if the GRA requirements were satisfied.
Despite the fact that the IRS is probably no longer as eager to scrutinize intrafamily S stock transfers, the rules of those cases should apply under current law.
The indirect stock transfer rules provide additional guidance.
If the taxpayer had shown that the corporation had used, all of the money in its business and if the loan had been reclassed as equity before the stock transfer, it's likely the transaction would have fallen under the acquisition liability exception.