Written by attorneys · grounded in primary & secondary sources — see below
One to whom a property interest or contractual right is conveyed by transfer from another party. The transferee steps into the position of the transferor with respect to the transferred interest or obligation, subject to any conditions or limitations that run with the interest.
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Talia Torres granted an estate at will in a storage shed to Topaz Mining. Topaz Mining later decided to vacate the premises without notice. The arrangement ended immediately because the estate was terminable at the will of either the transferor or the transferee.
Terra Financial transferred its leasehold interest in a warehouse to Torchlight Media. The original lease contained an express promise to maintain the loading dock. Torchlight Media became obligated to perform the promise because the burden touched and concerned the transferred interest and the transfer created privity of estate with the landlord.
Tanya Tang held a license to place relay boxes on a rooftop. After the building owner transferred title to Talon Security, Tanya Tang entered the roof two weeks later to remove the boxes during a holiday closure. The entry remained privileged against the new owner because it occurred with reasonable promptness and in a reasonable manner.
Tessa Takahashi filed suit in federal district court in State A. The case was transferred under section 1404(a) to the district court in State B at her request. The transferee court applied State A choice-of-law rules to determine which state's substantive law governed the claims.
Tori Taylor was indicted in the district where the offense occurred. She filed a written statement in the transferee district consenting to disposition there and waiving trial in the original district. The transferee court accepted the plea after the required approvals were obtained.
A judgment creditor obtained a charging order against Tamara Tan's transferable interest in a partnership. The order constituted a lien on the interest and required the partnership to pay any distributions otherwise due to Tamara Tan directly to the creditor until the judgment was satisfied.
No. The transferee is not liable for any breach of a lease promise that occurred before the transfer to the transferee.
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A transferee becomes obligated when the promise creates a burden that touches and concerns the transferred interest, the parties intended the burden to run with the interest, the transferee is not relieved of the obligation, and the transfer creates privity of estate with the person entitled to enforce the promise.
…a variety of development plans and chose a private developer from a group of applicants rather than picking out a particular transferee beforehand, id. , at 273, 278; and the fact that the other private beneficiaries of the project are still unknown because the office space proposed to be built has not yet been rented,…
…Elizabeth, New Jersey, with full recourse;” and which contained various waivers by the endorser, and an authorization to the transferee to vary the terms of the note in its discretion in dealing with the maker. Exhibit “A,” referred to as being on the reverse side of the contract, is divided into three separate parts, the…
…and did so. She transferred to a nursing program at another college, but had to repeat her junior year in order to satisfy the transferee
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No. The transferee court must apply the same state law, including the same choice-of-law rules, that the transferor court would have applied.
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Yes. On application by a judgment creditor of a partner or transferee, a court may enter a charging order against the transferable interest of the judgment debtor.
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Yes. A restriction on the transfer of shares is not enforceable against a person without knowledge of the restriction unless the restriction is noted conspicuously on the certificate or contained in the required information statement.
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