Gift Of Shares And Securities Deeds Gift 979 - Legal Draft

Gift of Shares and securities

DEED OF GIFT is made and entered into at ......................... this .................. day of ................... between Mr. ...................... of .......................... hereinafter referred to as the Donor (Which expression shall unless repugnant to the context or meaning thereof be deemed to include his /their heirs, executors, administrator, and assigns)
of the one part and Mrs. .................... hereinafter referred to as 'the Donee' (Which expression shall unless repugnant to the context or meaning thereof be deemed to include his /their heirs, executors, administrator, and assigns) of the other Part.

WHEREAS the Donor owns certain shares and debentures of different Companies and what are set out in the Schedule hereunder written. AND WHEREAS the Donor has been maintaining his widowed daughter since her husband's death but the Donor has now become old and his life is very uncertain. AND WHEREAS the Donor desires to make some provision for his said daughter the Donee during his lifetime and therefore proposes to make a gift of the said shares and debentures to the Donee. AND WHEREAS the Donee has accordingly delivered the share certificates and debentures to the Donee and has also delivered to her transfer forms duly signed by the Donee as transferor and by the Donee as transferee to enable the Donee to get name transferred in the records of the Companies concerned.

The Donor desires to record the gift by this deed.

Now this Deed witnessseth that pursuant to the said desire of the Donor and in consideration of natural love and affection he has for the Donee, the Donor doth transfer by way of gift the said shares and debentures the particulars of which are listed in the Schedule hereunder written and all the right title and interest of the Donor therein or thereto unto and to the use of the Donee absolutely and the Donor declares that until the shares and debentures are transferred in the name of the Donee in the Company's records, the same will be deemed to be held by the Donor as a trustee for the Donee.

IN WITNESS WHEREOF the parties have put their respective hands the day and year first above written.

The Schedule above referred to            )
                         

Signed by the within named Donor                  )
'..........' in the presence of                     )

1. ......................                                )
2. .......................                               )

Signed by the
within named Donee Mrs. ..............       )
in the presence of
1. ..........................                        )
2. ........................                        )