Transfer by Gift definition

Transfer by Gift means a Voluntary Transfer of all or any portion of the transferor's interest in any of the Shares to or for the benefit of a charitable organization, the guardian of the estate of a Shareholder, an estate planning vehicle, or a natural object of the transferor's bounty, made during the lifetime of the transferor. (CR 1150 at 1279).
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Transfer by Gift means, with respect to any Shares, a Voluntary Transfer of all or any portion of the transferor’s interest in those Shares to or for the benefit of a charitable organization or a natural object of the transferor’s bounty for less than adequate consideration, but specifically excluding any Transfer at Death.
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Examples of Transfer by Gift in a sentence

  • The attached Transfer by Gift to Family Member, Trust or Partnership form may be used to effect such a transfer by gift and the delivery of a completed copy of such form to the Company shall constitute notice to the Company.

  • The attached Transfer by Gift to Family Member, Trust, or Partnership form may be used to effect such a transfer by gift, and the delivery of a completed copy of such form to the Company shall constitute notice to the Company.

  • The attached Transfer by Gift to Family Member form may be used to effect such a transfer by gift and the delivery of a completed copy of such form to the Corporation shall constitute notice to the Corporation.

  • The provisions of section 3.3 do not apply to any Voluntary Transfer of Shares made by a Permitted Transferee back to the Shareholder who originally made a Transfer by Gift to the Permitted Transferee in accordance with section 4.1.

  • Event —The Bankruptcy, Death, Divorce, Incapacity, Transfer by Gift, Transfer upon foreclosure or other enforcement of a security interest or lien, or Termination of a Partner; provided, however, that an Event will not be deemed to have occurred if, as a result of an event described herein, Units of the Partner otherwise suffering the Event (but for this proviso) are Transferred to a Permitted Transferee as a result of said Event.