Bulk Transfer Without Consent In Miami-Dade

State:
Multi-State
County:
Miami-Dade
Control #:
US-00043DR
Format:
Word; 
Rich Text
Instant download

Description

The Bulk Sales Affidavit is an essential legal document in Miami-Dade for businesses undergoing a bulk transfer of assets without consent from creditors. This affidavit serves to confirm the ownership and transferability of the assets sold, ensuring they are free from liens and encumbrances. Key features include details such as the business name, owner's affirmation of ownership, and the inclusion of a Bill of Sale as an exhibit. For attorneys, this form aids in safeguarding clients against potential creditor claims during asset transfers. Partners and owners can utilize the affidavit to provide transparency and legal assurance to purchasers during bulk sales. Paralegals and legal assistants can effectively complete and file the form by ensuring all required sections are filled accurately and notarization is obtained. This document is particularly relevant when no objections from creditors are present, reinforcing a smooth transaction process.
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FAQ

You are not required to submit a request for public records in writing. If you do not choose to use our online form, you may call 305-499-8729 with your request.

Typically, the property owner or GC is responsible for filing or recording this notice. Unlike other construction notices (such as the preliminary notice), the Notice of Commencement is: Recorded: These notices are filed with the county recorder offices in the county where the construction project is located.

Does the Florida Notice of Commencement need to be notarized? Yes. In Florida, this notice must be signed by the owner, and notarized.

Record a Document You have three options for recording your documents in the Official Records: You can bring your original documents in person, along with the appropriate fees, and a self-addressed stamped envelope to the Miami-Dade County Courthouse. You can eRecord your document through one of our approved vendors.

Documents are recorded at the Clerk of the Courts, MIAMI-DADE COUNTY RECORDER, COURTHOUSE EAST, 22 N.W. First Street, 1st Floor, Miami, FL 33128. You can record the Notice of Commencement by mail. The original Notice should be sent to the County Recorder, P.O. Box 011711, Flagler Station, Miami, Florida 33101.

While most states have repealed their bulk sales statutes, in some states across the U.S., such as California, Delaware, Illinois, New Jersey and Pennsylvania, the practice of bulk sales compliance remains alive and well.

To qualify as a bulk deal, the transaction needs to account for at least 0.5% of the total shares of the company, irrespective of the value of the trade. Block deals, on the other hand, require a minimum of 5,00,000 shares, or ₹10 crores in value.

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Bulk Transfer Without Consent In Miami-Dade