Provisions in Deed Made Pursuant to Receiver's Sale

VIEWS: 374 PAGES: 3

More Info
									This is a provision whereby a receiver that is appointed as the guardian of a certain
business or operation transfers all of their interest to a third party. In this document, the
receiver conveys, transfers, and assigns to the third party all of the rights, obligations
and indebtedness of the receiver in connection with certain operations of a business.
The third party assumes the debts and liabilities of the business after execution of this
document. This document should be used by appointed receivers that want to transfer
their rights and liabilities in connection with a certain business to a third party.
  PROVISIONS IN DEED MADE PURSUANT TO RECEIVER’S
                       SALE
       The Receiver hereby conveys transfers and assigns unto the Transferee as of the ____ day
of ______________, 201____, all of the rights, obligations and indebtedness of the Receiver in
connection with _______________ [NAME OF THE OPERATION] operation of its business
of ______________. [DESCRIBE NATURE OF BUSINESS] The conveyance, transfer and
assignment by the Receiver to the Transferee shall be subject to the debt obligations which are
un-matured as of the date hereof and shall be fully assumed by the Transferee. The Transferee
acknowledges and agrees that it shall pay all of the outstanding debts and obligations of
______________ being the creditor.




© Copyright 2013 Docstoc Inc.                                                       2

								
To top