Contracts. The act by which the owner of a thing delivers it to another person, with the intent of passing the rights which he has in it to the latter. 2. It is a rule founded on the plainest dictates of common sense, adopted in all systems of law, that no one can transfer a right to another which he has not himself: nemo plus juris ad alienum transfers potest quam ipse habet. 3. To transfer means to change; for example, one may transfer a legacy, either, 1st. By the change of the person of the legatee, as, I bequeath to Primus a horse wliich I before bequeathed to Secundus. 2d. By the change of the thing bequeathed, as, I bequeath to Tertius my History of the United States instead of my copy of the Life of Washington. 3d. By the change of the person who was bound to pay the legacy, as, I direct that the sun) of one bundred dollars, which I directed should be charged upon my house which I gave to Quartus, shall be paid by my executors.
Law Dictionary – Alternative Legal Definition
(verb) – To carry or pass over; to pass a thing over to another; to convey.
(noun) – The passing of a thing or of property from one person to another; alienation; conveyance. 2 Bl. Comm. 294. Transfer is an act of the parties, or of the law, by which the title to property is conveyed from one living person to another. In procedure, “transfer” is applied to an action or other proceeding, when it is taken from the jurisdiction of one court or judge, and placed under that of another. Transfer of a cause. The removal of a cause from the jurisdiction of one court or judge to another by lawful authority. Transfer tax. A tax upon transfers of property by will or inheritance; a tax upon the passing of the title to property or a valuable Interest therein out of or from the estate of a decedent, by inheritance, devise, or bequest. Sometimes also applied to a tax on the transfer of property, particularly of an incorporeal nature, such as bonds or shares of stock, between living persons.