Sentence examples for transferee is from inspiring English sources
Consent will be granted only in the case where the transferee is under a mistake of fact as to the underlying transaction and must be requested within 60 days of the date on which the mistake of fact first became known to the person who made the election.
Where the transferee is the domestic entity, the "proportionate share" is the portion of the associated obligation that corresponds to the fair market value of the exchanged property relative to the fair market value of all properties with which the obligations are associated.
Where the transferee is not the domestic entity, the amount described above is further multiplied by a fraction, the numerator of which is the amount of qualified exchanged property and the denominator of which is the total amount of exchanged property.
Strangely, since a UVTA action is fundamentally an action by the creditor against the transferee, the term "transferee" is not defined, but that term in usage means a person who has received an asset.
"We want to ensure that the transferee is as productive as they need to be in their new work location and that their family doesnt feel the burden and stress of the move," says Peter Church, assistant vice president of human resources for The Hartford.
Illinois decisional law sets out four situations where successor liability will be recognized, two of which are relevant here: (1) the transferee is merely a continuation of the transferor, or (2) the transfers were for the fraudulent purpose of the transferee escaping his obligations.
Because delivery of a check effects a conditional transfer from the transferor to the transferee, the "transfer" is made, for purposes of § 547, on the date of delivery, provided that the transfer is "perfected" within 10 days as required by § 547 e)(2).
If the debt on account of which the transfer was made was incurred in the ordinary course of both the debtor and the transferee, if the transfer was made not later than 45 days after the debt was incurred, if the transfer itself was made in the ordinary course of both the debtor and the transferee, and if the transfer was made according to ordinary business terms, then the transfer is protected.
Paragraph (2) specifies that a transfer is made when it takes effect between the transferor and the transferee if it is perfected at or within 10 days after that time.
But neither in the case of land nor in that of chattels is it required that the transfer to the transferee be for value.
Every transferee was instructed to write a request if they needed to see a doctor or a nurse, she said, but many did not know how to do so.
