Form LRA 48 (Transfer of Land by a Liquidator) is a land registration document used in Kenya when a liquidator transfers land owned by a company in liquidation to a purchaser or beneficiary. This form is jurisdiction-specific to Kenya and is governed by regulation 59(3) of the Land Registration (General) Regulations, 2017, enacted under the Land Registration Act, 2012 (No. 3 of 2012).
This advocate-reviewed template is available for download on wansom.ai and is intended for company liquidators, insolvency practitioners, official receivers, purchasers acquiring land from companies in liquidation, land registrars, advocates handling corporate insolvency and property transactions, and creditors seeking to recover debts through the sale of corporate assets. When a company undergoes liquidation, the liquidator has the statutory authority to sell or transfer the company's registered land to settle debts and distribute remaining proceeds to creditors and shareholders.
The downloadable template requires the title number of the land, transfer date, liquidator's details as transferor, transferee's particulars, and consideration paid (monetary sum or other consideration). The transferor must acknowledge receipt of consideration. The form states that the liquidator transfers all right, title, and interest in the property to the transferee, subject to the Land Registration Act, 2012, the Land Act, 2012, and any interests noted in the register. It must specify whether transferees hold the land as joint proprietors or as proprietors in common with undivided shares. Both transferor and transferee must execute the document as a deed in the presence of certifying officers who authenticate their identities using colored passport photographs, national ID numbers, and tax PIN numbers. This legally compliant, ready-to-use template ensures proper transfer of corporate land assets during liquidation proceedings within Kenya's land registration system.