Where a farm is transferred by several transferors, overall support shall be limited to the amount provided for one transferor. |
Very generally, the rules attribute to the transferor amounts of income and capital gains from the transferred property. |
If upon receipt of the instruction the issuer should dispute the validity of the security, the burden of proving validity is upon the transferor. |
This assumes that the transferor has no continuing involvement in all or part of those rights. |
The transferee claimed before the magistrate that the thing was his, and the transferor, who was the defendant, admitted the claim. |
Article 14 also contains provisions as to what should happen if the transferor defaults in executing a transfer of his shares. |