GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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17:06 Jul 12, 2009 |
Spanish to English translations [PRO] Law/Patents - Law: Contract(s) | |||||||
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| Selected response from: Michael Powers (PhD) United States Local time: 14:07 | ||||||
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The transfer of shares shall be evidenced Explanation: The share certificates themselves are all that are required to demonstrate ownership. For instance, no share sale and purchase agreement needs to be shown. -------------------------------------------------- Note added at 25 mins (2009-07-12 17:32:17 GMT) -------------------------------------------------- Sorry, my translation was cut off: The transfer of shares shall be evidenced "solely by delivery of the share certificates." -------------------------------------------------- Note added at 26 mins (2009-07-12 17:33:18 GMT) -------------------------------------------------- Contrariwise, the share certificates themselves must be shown, a share sale and purchase agreement would not be sufficient to demonstrate ownership. :) |
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by mere delivery of possession of the certificate Explanation: Pity, again, that gundisalvus doesn't post ideas as a separate entry. Will save me repeating my own - often similar - spin on the term. Delivery IMO isn't enough, as that could imply to the company's treasury for regsitration and not the prospective transferee, notwithstansing the Board of Directors' right to refuse the transfer 'without assigning any reason therefor'. The shares, surely, must be bearer/al portador if transferred by delivery. A regd. share/nominativa cannot usually in the US/UK etc. Example sentence(s):
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" by the sole tranfer of title Explanation: LEGAL RISKS FOR BUYERS 3.1 Share transaction/allotment of new shares 3.1.1 How and when does transfer of title occur ? 1. General: According to sections 1 ... books.google.com.mx/books?isbn=9041122877... -------------------------------------------------- Note added at 3 hrs (2009-07-12 20:37:11 GMT) -------------------------------------------------- However, in Re Rose (1952), the transfer of legal title to shares in a private company was regarded as effective even though it was not completed by entry ... books.google.com.mx/books?isbn=1859417418... -------------------------------------------------- Note added at 3 hrs (2009-07-12 20:38:09 GMT) -------------------------------------------------- Jul 2009 ... Soriano purchase shares of Soler and becomes owner of the Valencia . ... to achieve the baton of Valencia to the transfer of titles Soler ... untildeathvalenciacf.blogspot.com/.../soriano-will-return-chair.html - En caché - Similares Transfer of title - i.e. legal ownership. Share Acquisitions: Signing the ... Business Acquisitions: When a business is sold by a sole trader/partners they ... www.desktoplawyer.co.uk/...share.../S75881-32804X/ - En caché - Similares -------------------------------------------------- Note added at 3 hrs (2009-07-12 20:38:43 GMT) -------------------------------------------------- VARIANT; "by the mere transfer of title" |
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by mere transfer/delivery of the certificate Explanation: agree with Tom Thumb's interpretation, however the translation as "mere delivery of possession of the certificate" seems to say more than what is required or what the Spanish says in "tradición". Agreed that this would ordinarily apply to bearer shares, but could be registered shares (nominative) endorsed on the certificate to the transferee with title transferred by mere physical delivery. -------------------------------------------------- Note added at 6 hrs (2009-07-12 23:06:57 GMT) -------------------------------------------------- http://www.americanregistrar.net/faq.html "Q: What do I need to do to transfer a certificate? A: 1. The original stock certificate(s) must be surrendered. 2. An endorsement by the registered owner(s) of the certificate(s). The endorsement can be on the reverse of the stock certificate, or on a separate stock power (which can be made by copying the back of a certificate)." |
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through the sole delivery of the (stock) certificate Explanation: Mike :) -------------------------------------------------- Note added at 11 mins (2009-07-12 17:18:04 GMT) -------------------------------------------------- Hi Lydia. Just got back from working out. Tom West. Spanish-English Dictionary of Law and Business. "tradición: physical delivery of a thing" "título de acciones nominativas: stock certificate registered in the name of the owner" So in this case since it is not necessarily "nominativas" I eliminated "regsitered in the name of the owner" -------------------------------------------------- Note added at 3 days2 hrs (2009-07-15 19:57:00 GMT) Post-grading -------------------------------------------------- Con mucho gusto, Lydia. Un abrazo para ti, también - Mike :) |
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