Iowa Bill of Sale For Equipment in Consideration of Buyer Assuming Plugging Obligation

State:
Multi-State
Control #:
US-OG-099
Format:
Word; 
Rich Text
Instant download

Description

If an operator elects to abandon wells, a landowner may want to take the wells over, to continue to produce them, or convert them to some other use. This form provides for a transfer of the equipment in exchange for the assumption of the obligation to plug the well(s).

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FAQ

An Iowa general bill of sale is a document that is usually executed between two (2) individual parties and records the sale and purchase of personal property. This form will disclose the price, possible defects, the sale date, and a description of the property being sold and purchased.

A bill of sale for use in Texas when the seller's personal property is included in the sale of commercial real property. This bill of sale is designed to evidence the transfer of title to the personal property located at the real property being conveyed.

Vin # - vehicle identification number. buyer's name. date of sale. signature of seller.

A Bill of Sale - a statement signed by the seller, which identifies the vehicle (year, make, VIN) and includes the purchase price and date of sale - is required for all vehicle and trailer transfers. When SELLING a vehicle, remove the license plates before the buyer takes the vehicle.

In circumstances where you are required to provide a bill of sale, you must provide a notarized copy to the state of Iowa. It's also a good practice to create copies of bills of sales for buyers and sellers to keep with their records.

What should be included in a bill of sale in Iowa? A bill of sale serves as proof of purchase. The form should include the names of both the buyer and the seller, a property description and the price the buyer paid.

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Iowa Bill of Sale For Equipment in Consideration of Buyer Assuming Plugging Obligation