Movable Property In Business In Allegheny

State:
Multi-State
County:
Allegheny
Control #:
US-00167
Format:
Word; 
Rich Text
Instant download

Description

The Bill of Sale for personal property in connection with the sale of business is an essential legal document used for the transfer of movable property in Allegheny. This form serves to formalize the sale of furniture, equipment, inventory, and supplies associated with a business, ensuring clear ownership transfer from the seller to the purchaser. Key features include a detailed description of the property being sold, the purchase price, and a declaration that the property is free from claims and offsets. Fillers should accurately provide the date, type of property, purchase amount, and both parties' details. Editing instructions emphasize clarity, ensuring all fields are correctly filled to avoid future disputes. This document is especially useful for attorneys, business partners, owners, associates, paralegals, and legal assistants, as it simplifies the property transfer process, reduces risk of misunderstandings, and establishes a legal record of the transaction. It is advisable for users to review the document to confirm it aligns with local laws and reflects the specific terms of the agreement.

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FAQ

The elements of the crime of receiving stolen property are (1) the property was obtained by theft; (2) the defendant knew the property was so obtained; and (3) the property was received, concealed, or withheld by the defendant or the defendant aided in receiving, concealing, or withholding it.

A person who comes into control of property of another that he knows to have been lost, mislaid, or delivered under a mistake as to the nature or amount of the property or the identity of the recipient is guilty of theft if, with intent to deprive the owner thereof, he fails to take reasonable measures to restore the ...

Shocking Penalties for Receiving Stolen Property Under $50: Summary offense, up to 90 days in jail. $50 to $200: Second-degree misdemeanor, up to two years in prison. $200 to $2,000: First-degree misdemeanor, up to five years in prison. Over $2,000: Third-degree felony, up to seven years in prison.

Some state's theft or larceny offenses include the offense of receiving stolen property, while others might make it a separate crime. Generally, the crime occurs when someone buys, possesses, or receives property that they know (or should know) is stolen.

Penalties for Receiving Stolen Property in PA Second Degree: Property worth $50 to $200. Penalty: Up to 2 years in jail and a $5,000 fine. First Degree: Property worth $200 to $2,000. Penalty: Up to 5 years in jail and a $10,000 fine.

1st Degree Misdemeanor if the value of the property was at least $200 but not more than $2,000 – punishable by up to 5 years in jail and a $10,000 fine. 2nd Degree Misdemeanor if the value of the property was at least $50 but less than $200 – punishable by up to 2 years in jail and a $5,000 fine.

3921. Theft by unlawful taking or disposition.

"Movable property." Property the location of which can be changed, including things growing on, affixed to, or found in land, and documents although the rights represented thereby have no physical location.

All deeds made in the state to be acknowledged and recorded within ninety days.

Allegheny County Pittsburgh / County

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Movable Property In Business In Allegheny