Transferee


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Transferee

The party who has received the benefits of a letter of credit by action of a transfer.

Transferee

The person or organization to whom a transfer of funds or assets is made. For example, if Joe writes a check to Bob, Bob is the transferee because he receives the stated amount of money from Joe's bank account. See also: Payee.
References in periodicals archive ?
According to the JPML, as long as the transferor court had personal jurisdiction at the time the case was filed, MDL transferee proceedings are "simply not encumbered by considerations of in personam jurisdiction." (37)
Issues: In the second appeal, the IRS argued that the shareholders were liable as transferees under the constructive fraud provisions of Arizona's UFTA.
For these reasons, Pino was in fact the owner and transferee of the subject firearm for a brief period of time.
2008) that dehumanization perpetuated by a minority of contractors within the processing centre, led to catastrophic consequences for the out-group of transferees. Dehumanization was enacted as an outcome of a loss of hospitality and responsibility to the 'other'.
However, in situations whereby the transferor will be unable to use the future deductions, consideration should be given to forgoing the future deductions and allowing the transferee the additional basis for depreciation.
(41) Such a causation requirement is irreconcilable with the transferee's acquisition of the property since such acquisition is not caused by a fraud, but is rather deemed a fraud.
If a transferee has not obtained permanent residence or another visa status for which he is eligible before reaching the maximum limit of L-1 admission, he must depart the U.S.
It is becoming more frequent that a corporate transferee is looking to rent.
* Policy and procedure variances: Inevitably, there will be some variances between the policies and procedures of the transferee and the transferor servicer.
NOTICE IS HEREBY GIVEN that, by application dated 23 May 2014, Harworth Insurance Company Limited (Transferor) and Royal & Sun Alliance Insurance Plc (the Transferee), applied to the High Court of Justice of England and Wales, for amongst other things, an order under Section 111(1) of the Financial Services and Markets Act 2000 (the Act) sanctioning an insurance business transfer scheme (the Scheme) providing for the transfer of insurance business written by the Transferor (the Transferring Business) to the Transferee and for an order making provision under Section 112 of the Act.
[section] 1407 is referred to as the 'transferee' court, and the court from which the action or actions are transferred is called the 'transferor' court." (13) The purposes of this transfer or "centralization" process are to avoid duplication in discovery; to prevent inconsistent pretrial rulings; and to conserve the resources of the parties, their counsel, and the judiciary.
Simply put, if a transferor sells its business as a going concern to another business (the transferee), all the employees automatically transfer over with their terms and conditions of employment intact.