Usage: TRANSFER <#channel> <nick>
Used to transfer channel ownership to another nick. You must be founder of the channel and the specified nick must be registered. The specified nick will receive a memo with instructions to complete the transfer.
/transfer #BakerStreet221B MrsHudson
Note that after transferring you no longer will have founder access to the channel. The new founder then owns the channel and can manage it as he pleases.