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The phrase "Ownership was transferred" is correct and usable in written English
You can use it in contexts related to legal, financial, or property transactions where ownership changes hands. Example: "After the sale was finalized, ownership was transferred to the new buyer."
Exact(32)
Ownership was transferred to the Asbestos Settlement Trust in 1997.
Ownership was transferred just after midnight on October 6 , 1953
In fact, its ownership was transferred to NASA in 2005.
Most firms shed this system when they went public and firm ownership was transferred to shareholders.
They contended that legal commitments made when the newspaper's ownership was transferred in 1997 precluded its sale to MediaNews.
When Pennsylvania barred him from operating clinics in the state, corporate ownership was transferred to his mother in Ohio.
Similar(28)
Co-op ownership is transferred by sale of stock, not a deed.
Eventually the customer buys out the bank, at which point ownership is transferred.
If in due course the rental payments accumulate to the sale price, ownership is transferred to the purchaser.
At the moment all property values (and hence tax bills) are reassessed only when ownership is transferred.
It doesn't understand that if John sold his red Volvo to Mary that involves a transaction or possession and ownership being transferred.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com