Form LRA 48 - Transfer of Land by a Liquidator

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3
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Document Overview

Form LRA 48 is used when a liquidator of a company in liquidation transfers the company’s land or property to a purchaser, creditor, or other transferee. This form records the actual transfer of ownership after the liquidator has been duly recognized (through Form LRA 46) as acting on behalf of the company.

The purposes of this form are:
1. To legally transfer land/property owned by a company in liquidation to a transferee (buyer or creditor).
2. To implement liquidation proceedings by allowing the liquidator to sell or dispose of company assets for debt settlement or distribution.
3. To ensure the transfer is properly registered in the land register under the liquidator’s authority.
4. To protect the transferee by providing a formal, registrable instrument recognized under Kenyan land law

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