transfer

(redirected from transferees)
Also found in: Dictionary, Thesaurus, Medical, Financial, Encyclopedia.

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.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.

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.

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.

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.
Collins Dictionary of Law © W.J. Stewart, 2006

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.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
* On the day of the USRPI disposition, the transferee must provide written notice to the court or trustee of the transferee's name and address, a brief description of the property, the amount realized on the sale of the property, and the amount withheld under Sec.
In 1989, the Second Circuit considered a similar transaction in which a transferor exchanged its own debt obligation for transferee stock in a transaction to which Sec.
He explained that, under Comelec rules, transferees should stay in their new residence for six months before they can change precincts.
In a transaction in which the transferor (old taxpayer) takes a carryover basis in the stock of the transferee (new taxpayer), the proposed regulations would require the transferor to adjust its basis in the transferee's stock for the portion of the stock received in exchange for the long-term contract by the difference between the amount the transferor recognized with respect to the contract and the amount the transferor received or reasonably expects to receive.
In July 1992, the donees brought suit in Tax Court, seeking a redetermination of their transferee tax liabilities.
Issues: In the second appeal, the IRS argued that the shareholders were liable as transferees under the constructive fraud provisions of Arizona's UFTA.
The BIR has insisted that the August 29, 1989, amendment of the October 5, 1982, memorandum of agreement between the Board of Investments and the then Ministry of Finance, and also of Rule VII of the rules and regulations implementing the Omnibus Code required transferees of TCCs to be not only BOI-registered firms, but also domestic producers of the raw materials and components being supplied.
The government may also pursue transferees of gifts or estate property for unpaid taxes of the decedent under the general transferee liability provision contained in IRC section 6901.
Lawyer Ags Uvero, chair of the NowhereToGoButUP Foundation which supports UP sports teams, said prior to Mbala's case, the residency requirement for transferees 'regardless of nationality' was only a year.
It involved asylum seekers, referred to as 'transferees', held at an offshore processing centre.
Transferees filling executive and managerial positions in the U.S.