Corporation DEED.Does any knows who can sign a DEED of A corporation for it to be valid. Does the president.?

Question

...of the corporation have to sign the deed to convey real property ; or could is be a chairman or director of the corporation. This is a non-profit organization. They want to deed the property over to someone else. I just need to know whose signatures do I need.Thanks in Advance.

Answer 1

The answer lies with the articles of incorporation of that entity.

A corporation is formed when several people form one and create a document that is filed with the Secretary of State (of that state or country). In that document it outlines who has what duties. If no one is designated as the legal counsel for the corporation,. then generally the Board of Trustees directs or elects the individual(s) who are authorized to signe documents in the name of the corporation. THis may be the president or the treasurer or the secretary to the corporation..

If the board does not know (perhaps because they have handed over duties for so long that it has been forgotten or it never came up), then generally the board of the corporation needs to convene and in that meeting direct that so-and-so shall execute the deed in the name of the corporation.

Then, armed with a copy of the minutes of that meeting, the individual will sign the document, have it notarized, and convey that deed (along with a copy of the minutes) to the buyer.

The buyer would be well advised to have title insurance on the property since, if the board screws it up and later there is disention within the corporation, the buyer might find his title to the land set aside.

But don't let this frighten you.. its really a simple process.. if you are in doubt, get a lawyer to help you out with it.

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Answer 2

The corporate laws of the state of incorporation and the articles of incorporation specify who can sign real property deeds. Read them or ask a lawyer who practices in that state.