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Lot Transfer
Procedures
PROCEDURES RE
TRANSFER OF SHARES OF LILLOOET LAKE ESTATES LTD.
1. Vendor or vendor’s lawyer/notary
obtains a Confirmation of Accounts Statement from Dale Goldstone of
O’Neill Goldstone & Company, #6 - 144 West 15th Street, North
Vancouver, B.C., V7M 1R4 (telephone: 604-985-9566 , fax: 604-985-9517)
stating that there are no arrears owing for property taxes (land or
improvements), annual assessments or fines, or if there are such
arrears, the amounts owing.
2. Transfer of Class “A” Common
Share Certificate and Class “B” Common Share Certificate to Purchaser is
endorsed on the back of each share certificate by the present Owner and
delivered along with the Transfer Fee of $280.00 ($250 + GST + PST) to
our solicitor, Tom Symons, of L. Thomas Symons & Company, 6343 Yew
Street, Vancouver, B.C., V6M 3Z3, along with letter from Dale Goldstone
required in #1 above. Mr. Goldstone usually faxes this letter
directly to Mr. Symons. The covering letter must indicate the
Purchaser’s name, mailing address, telephone number and e-mail address.
3. Upon his receiving the letter
from Dale Goldstone, the endorsed Share Certificates, the Transfer Fee
payable to L. Thomas Symons & Company and proof of payment of all
arrears, Mr. Symons prepares Consent of Directors of Lillooet Lake
Estates Ltd. to the intended transfer. The policy of the Directors is
that no transfer of shares will be approved unless all arrears of
payments as certified by Dale Goldstone are paid in full.
(Note: Payment of the
Transfer Fee is a matter to be negotiated between Vendor and Purchaser.
This fee will not be paid by Lillooet Lake Estates Ltd.)
4. When the Directors approve
the transfer of shares, Mr. Symons records the transfer in the records
of Lillooet Lake Estates Ltd., issues new share certificates in the name
of the Purchaser and notifies O’Neill Goldstone of the Transfer.
To download a copy click on this link.
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