An individual or group that is allowed to accept the transfer of an asset or security in the case that a transferee elects to not accept or is not permitted to accept the transfer. An alternate transferee is often specifically outlined in a contract agreement, though in some cases the alternate transferee may be designated by another party. An alternate transferee is chosen based on the ability to continue the terms outlined in an agreement.
For example, some company's require a board of directors to approve transfers between two different parties if the shares being transferred pass a certain threshold, such as 10% of outstanding shares. If the board of directors rejects the transfer, they may be required to designate an alternate transferee that is allowed to purchase the shares at market price.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
Culture Crash Comics — This unique cover was the alternate/flip cover of Issue 14 what would be the last issue of Culture Crash Comics. It also features the first magazine cover appearance of Alodia Gosiengfiao, at the point where she and her sister Ashley first came… … Wikipedia
Coupe du monde de football de 2010 — « Mondial 2010 » et « Coupe du monde 2010 » redirigent ici. Pour les autres sens, voir Mondial 2010 (homonymie) et Coupe du monde 2010 (homonymie). Infobox compétition sportive Coupe du monde de la FIFA 2010 … Wikipédia en Français
property law — Introduction principles, policies, and rules by which disputes over property are to be resolved and by which property transactions may be structured. What distinguishes property law from other kinds of law is that property law deals with… … Universalium
Concorde (avion) — Pour les articles homonymes, voir Concorde. Concorde Un Concorde d Air France au roulage … Wikipédia en Français