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This deed, made and entered into this ___ day of __________, 20__ at the City of Manila, by and between:
, Filipino Citizen, of legal age, married to Juanita de la Cruz with residence and postal address at 1234 Oak Lane, Standard Subdivision, Quezon City, hereinafter referred to as the "ASSIGNOR"
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, Filipino Citizen, of legal age, married to Patricia San Juan with residence and postal address at 123A Somerville Plaza Tower, 5678 Mahogany Avenue, Manila, hereinafter referred to as the "ASSIGNEE".
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is the buyer of a 2-bedroom unit, located at 18C, Grand Towers Condominium, 234 Taft Avenue, Manila, with an area of SEVENTY EIGHT (78) SQUARE METERS more or less, covered by Condominium Certificate Title No. 98765 of the register of Deeds of Manila, registered in the name of the Bank of the Philippine Islands.;
has offered to assign all his rights, title and interest over the above unit, as referred in said Contract to Sell and the ASSIGNEE hereby accepts the assignment in accordance with the terms herein set forth;
, for and in consideration of the foregoing premises and the sum of , which the ASSIGNOR hereby acknowledged to have received from the ASSIGNEE, the ASSIGNOR hereby assigns, transfers and conveys unto the ASSIGNEE, all his rights, title and interest to the aforementioned property and and appurtenant interest in the Condominium project pursuant to this Agreement and the ASSIGNEE by these presents hereby accepts the assignment and agrees to be bound by the terms and conditions of the Contract to Sell and the rules and regulations, and restrictions pertaining to the said unit.
, the parties have hereunto set their hands on the date and place first above written.
_______________________ _______________________
ASSIGNOR ASSIGNEE
Signed in the presence of:
_______________________ _______________________
Republic of the Philippines) ______________________) S.S
BEFORE ME, a notary for and in the City of Manila, personally appeared:
Name CTC Number Date/Place Issued
(Juan de la Cruz) 00000000 January 15, 20__ / Laguna (Pedro San Juan) 00000000 January 21, 20__ / Manila
known to me and to me known to be the same persons who executed the foregoing Deed of Assignment and transfer of Rights and acknowledged to me that the same is their free and voluntary act and deed.
, on the date and place first above written.
Notary Public Doc. No.______; Page No. ______; Book No.______; Series of 20____. |
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Philippine Legal Forms
Deed of assignment of shares of stock sample.
Philippine Legal Forms Tags: Deed of Assignment , Deed of Assignment of Shares of Stock , Deed of Assignment Sample
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Deed of Assignment of Stock Subscription
A Deed of Assignment of Stock Subscription is a written document used to transfer shares of stock of a corporation from the registered owner (the "assignor") to another person (the "assignee"). It should specify the names of the parties , the date of the transfer , the number of the stock certificate that represents the shares to be transferred, and the number of shares that will be transferred.
Only shares that have been fully paid are transferable. This means that if the assignor has not yet paid the full amount of the subscription, then the shares under the subscription cannot be transferred .
In order to transfer the shares, the stock certificate should be endorsed by the owner or any person legally authorized to make the transfer. Indorsement means signing the back of the stock certificate.
Finally, the transfer of shares will only be valid between the parties until it is recorded in the books of the corporation.
How to use this document
This document can be used by the registered owner of shares of stock of a corporation to transfer the shares (or part of the shares) to another person. It assumes that the purchase price for the shares has been fully paid .
The user should complete the document by entering the information required in the document. Once it is completed, the assignor and the assignee should sign the document .
This Deed of Assignment also includes an Acknowledgment. An Acknowledgment is an act of a person before a notary public stating that the signature on a document was voluntarily affixed by him and he executed the document as his free and voluntary act . Acknowledging a document before a notary public turns the document into a public document . Public documents are generally self-authenticating, meaning no other evidence will be needed to prove the execution of the document.
The Documentary Stamp Tax ("DST") and other applicable taxes, such as the Capital Gains Tax, should also be paid to the Bureau of Internal Revenue ("BIR") by the assignor or the assignee. The DST is required to be paid for any issuance or transfer of shares. The BIR shall issue a Certificate Authorizing Registration ("CAR") once the DST and other taxes are paid.
The assignor or assignee can then present the document, together with the endorsed stock certificate and the CAR , to the Corporate Secretary so the transfer can be recorded in the books of the corporation .
Applicable law
The Revised Corporation Code and the general laws of contracts and obligations found in the Civil Code govern the transfer of shares. However, other laws, their rules and regulations, and SEC rules may affect the conduct and transactions of the Corporation such as but not limited to the 1987 Constitution of the Philippines , the Securities Regulation Code, the Foreign Investment Act, the Republic Act 8179, specifically the Foreign Investment Negative List, the Anti-Money Laundering Act, and the Anti-Dummy Law may affect the ownership requirements of a corporation, depending on the business of the corporation. Tax laws may also affect the transfer of the shares.
How to modify the template
You fill out a form. The document is created before your eyes as you respond to the questions.
At the end, you receive it in Word and PDF formats. You can modify it and reuse it.
Guides to help you
- What to do after Creating a Contract?
- When and how to Notarize a Document?
Deed of Assignment of Stock Subscription - template
Country: Philippines
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Tuesday, July 14, 2020
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Things you need to know about Deed of Trust and Assignment (for shares of stock).
1. what is a deed of trust and assignment.
In a Deed of Trust and Assignment, the signor (the trustee) confirms that he/she is holding certain shares of stock in a corporation only in trust for the benefit of another person (the trustor).
The signor also appoints the Corporate Secretary of the corporation that issued the shares of stock as his/her attorney-in-fact to sell, assign and transfer the shares of stock in favor of the trustor or any person designated by the trustor.
2. What information do you need to create the Deed of Trust and Assignment?
To create your Deed of Trust and Assignment, you’ll need the following minimum information:
- The name and details (i.e. nationality and address) of the trustee
- The name of the trustor
- The number of shares held in trust
- The corporation which issued the shares of stock
3. How much is the document?
The document costs PhP 350 for a one-time purchase.
You can also avail of Premium subscription at PhP 1,000 and get (a) unlimited use of our growing library of documents, from affidavits to contracts; and (b) unlimited use of our “ Ask an Attorney ” service which lets you consult an expert lawyer anytime for any legal concern you have.
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COMMENTS
Last Will & Testament. Legal Form Note: This is a free sample of a deed of Assignment and Transfer of Rights of a real estate property. You may highlight the whole document - copy & paste on Microsoft Word. The names, dates, addresses and details of this Transfer of Rights Form should be changed to suit the parties in the agreement.
DEED OF ASSIGNMENT AND TRANSFER OF RIGHTS. KNOW ALL MEN BY THIS PRESENTS: This deed, made and entered into this 23rd of July 2019 at the City of Cebu, Philippines, by and between: (NAME OF ASSIGNOR), Filipino, of legal age, single/married to (Name of Spouse, if any) and a resident of (Address of Residence), hereinafter referred to as the ...
Account No. 111-222-333. Type of Shares: Common Shares. Number of Shares: 1000. Par Value: 1 peso/share. The ASSIGNEE hereby accepts the assignment. IN WITNESS WHEREOF, the parties have signed this deed on 7 July 2014 at Pasay City, Philippines. MARIA S. SANTOS MARIO C. CRUZ. ASSIGNOR ASSIGNEE. SIGNED IN THE PRESENCE OF:
This deed assigns and transfers all rights, title, and interest in a property from the Assignor to the Assignee. Specifically, it assigns the Assignor's rights in a property located in Cebu according to the terms of an earlier Joint Venture Agreement between the two parties. The Assignor acknowledges receiving consideration of 1,000,000 Philippine pesos from the Assignee. Both parties agree to ...
1. What is a Deed of Assignment? A Deed of Assignment is a contract where the owner (the "assignor") transfers ownership over property to another person (the "assignee") by way of assignment. The assignee steps into the shoes of the assignor and assumes all the rights and obligations to the property. 2.
Formats Word and PDF. Size 2 to 3 pages. Fill out the template. A Deed of Assignment of Stock Subscription is a written document used to transfer shares of stock of a corporation from the registered owner (the "assignor") to another person (the "assignee"). It should specify the names of the parties, the date of the transfer, the number of the ...
Deed of Assignment Sample - Philippines - Free download as Word Doc (.doc / .docx), PDF File (.pdf), Text File (.txt) or read online for free. This 3 sentence summary provides the key details from the Deed of Assignment document: The document assigns shares of stock from an Assignor to an Assignee. It details the number of shares being transferred, the purchase price paid, and the process for ...
Pursuant to Central Bank Circular Nos. 1102 and 1135, the ASSIGNOR hereby waive/s his/her/its/their rights under Republic Act No. 1405, as amended, relative to the confidentiality of bank deposits. IN WITNESS WHEREOF, the ASSIGNOR, (and the DEBTOR, in case of third-party-loan), has/have hereunto signed this deed at on . Assignor.
Deed of Assignment sample - Free download as Word Doc (.doc / .docx), PDF File (.pdf), Text File (.txt) or read online for free. The document is a Deed of Assignment and Transfer of Rights between Mike Dagalangit Taratingan (Assignor) and Mamintal Ampuan Ambola (Assignee). The Assignor is assigning all rights and interest in a 120,000 square meter parcel of land in Marawi City to the Assignee ...
DEED OF ASSIGNMENT KNOW ALL MEN BY THIS PRESENTS: This deed made and entered into this ___ day of _____, 20__ at the City of Manila, ... PHILIPPINE COAST GUARD SAVINGS AND LOAN ASSOCIATION, INC. (PCGSLAI), a duly registered Association with the Securities and Exchange Commission (SEC), with office and postal address at Muelle de la Industria ...
These rights of FILSCAP. shall subsist and will only expire six (6) months from and after the date the ASSIGNORS'. Agentceases to be a member of FILSCAPor until this Deed of Assignment is otherwise lawfully terminated. 2.3 For the avoidance of doubt, the assignment of rights under Clause 2.1 above shall entitle.
This DEED OF ASSIGNMENT (the "Assignment" or "Deed") duly executed by: The undersigned party/ies duly identified as the "ASSIGNOR" and/or "DEBTOR" set forth under Schedule "A" and made an integral part hereof; - in favor of -. ty, Philippines, hereinafter referred to as the "ASSIGNEE;"WITNESSTH: ThatFor and in ...
Philippines and has the corporate power and authority to own and operate its properties and conduct its business as presently being conducted. 2. The assignment hereof is within its powers and authority under the law and has been duly authorized by proper board resolution. 3.
Deed of Assignment (Shares of Stock) DEED OF ASSIGNMENT OF SHARES OF STOCK. KNOW ALL MEN BY THESE PRESENTS: This Deed of Assignment, made and executed this (Date) at (Place), by and between: (NAME OF ASSIGNOR), of legal age, Filipino, single/married, and resident of (Place of Residence), and hereinafter referred to as the "ASSIGNOR"; - in ...
You can also avail of Premium subscription at PHP 1,000 and get (a) unlimited use of our growing library of documents (from affidavits to contracts); and (b) unlimited use of our " Ask an Attorney " service, which lets you consult an expert lawyer anytime for any legal concern you have. Activities that involve a Deed of Assignment sometimes ...
DEED OF ASSIGNMENTD. Know all Men by these Presents: This Deed of Assignment is made and executed by the following authors, namely: <List Name of All Authors>. all are Filipinos, of legal age, and employees/students of <NAME OF INSTITUTION> hereinafter collectively referred to as "ASSIGNORS", In favor of.
The document costs PhP 350 for a one-time purchase. You can also avail of Premium subscription at PhP 1,000 and get (a) unlimited use of our growing library of documents, from affidavits to contracts; and (b) unlimited use of our " Ask an Attorney " service which lets you consult an expert lawyer anytime for any legal concern you have.
This document is a Deed of Assignment and Transfer of Rights between an Assignor and Assignee. The Assignor is transferring all rights, title, and interest in a 2-bedroom condominium unit to the Assignee for 1 million pesos. Both parties have signed the agreement to formalize the transfer of the property and conform to the terms of the original Contract to Sell and condominium rules.
Deed of Assignment and Transfer of Rights - Free download as Word Doc (.doc), PDF File (.pdf), Text File (.txt) or read online for free. Juan de la Cruz is assigning all rights and title to a 2-bedroom condominium unit located in Manila to Pedro San Juan. Juan acknowledges receiving 1 million pesos from Pedro in exchange. Pedro accepts the assignment and agrees to be bound by the terms of the ...
of the Republic of the Philippines. DEED OF ASSIGNMENT. KNOW ALL MEN BY THESE PRESENTS: This DEED, made and executed this day of September 2006 at , by and between: BENHOOR ELYASHAR, of legal age, American, and resident of 1411 Stradella Road, Los Angeles, CA, U.S.A. 90077, and hereafter referred to as ASSIGNOR ; - and -.
Deed of Assignment Sample - Free download as Word Doc (.doc / .docx), PDF File (.pdf), Text File (.txt) or read online for free. This document is a deed of assignment whereby an assignor transfers and assigns all rights, title, and interest in certain properties to an assignee. The assignee agrees to accept the assignment and assume all obligations related to the properties.
Deed of Assignment of Credit - Free download as Word Doc (.doc / .docx), PDF File (.pdf), Text File (.txt) or read online for free. This document is a Deed of Assignment between Arturito C. Roman (Assignor) and Sergio C. Marquina (Assignee). The Assignor has an outstanding loan with the Assignee and a pending loan application with a bank. To repay his obligation to the Assignee, the Assignor ...