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Simple English definitions for legal terms
transferee
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A quick definition of transferee:
A transferee is someone who receives ownership of a property or asset from someone else. It means that the ownership of the property is transferred from one person to another.
A more thorough explanation:
Definition: A transferee is a person or entity who receives a property interest that has been transferred from another person or entity.
Example 1: John sold his car to Jane. Jane is the transferee because she received the property interest in the car from John.
Example 2: A company may transfer ownership of a patent to another company. The receiving company is the transferee.
The examples illustrate the definition of transferee by showing how a property interest is transferred from one person or entity to another. In both examples, the transferee is the person or entity who receives the property interest that has been transferred.
transfer-agent-run dividend-reinvestment plan | transferee liability