(section 20)
TRANSFER OF PROPERTY IN STOCK
I, the undersigned ............................................,
(transferor)
..............................................................,
(address of domicile, principal place
of business or head office)
in consideration of a loan or authorized credit for an amount of
.......................................... dollars ($ )
that is made to me by .........................................,
(transferee)
...............................................................
(address)
transfer to the latter the property hereinafter described of
which I am now or shall become owner:
(Description of property)
Present property:
Future property:
The property is located at .....................................
(Enter here any other clauses agreed by the parties)
I consent to this transfer under Division III of the Act
respecting bills of lading, receipts and transfers of property
in stock (chapter C-53).
I guarantee that the property of which I am owner and that is
hereby transferred is discharged of all transfers and
privileges, except
..............................................................,
(identification of existing privileges)
and I pledge that the future property of which I shall become
owner and that is also transferred hereby is discharged of all
transfers and privileges.
Made at ................, on ........................... 19.....
-------------------------------------
(signature of transferor)
-------------------------------------
(signature of transferee)