Transferor sentence example
The transferor would also be required to notify the transferee of any changes pre-transfer.
The instrument of transfer must be signed by the transferor and when the share is not fully paid by the transferee.
The Benefices Act of that year absolutely invalidates any transfer of a right of patronage unless (a) it is registered in the diocesan registry, (b) unless more than twelve months have elapsed since the last institution or admission to the benefice, and (c) unless "it transfers the whole interest of the transferor in the right" with certain reservations; in other words, the act abolished the sale of next presentations, but it expressly reserved from its operation (a) a transmission on marriage, death or bankruptcy or otherwise by operation of law, or (b) a transfer on the appointment of a new trustee where no beneficial interest passes.
They must all provide for enforcement against the transferee of rights existing against the transferor at the time of transfer.Advertisement