This Quitclaim Deed from Corporation to Husband and Wife form is a Quitclaim Deed where the Grantor is a corporation and the Grantees are husband and wife. Grantor conveys and quitclaims the described property to Grantees less and except all oil, gas and minerals, on and under the property owned by Grantor, if any, which are reserved by Grantor. This deed complies with all applicable state statutory laws.
Alabama Quitclaim Deed With Power Of Attorney
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State:
Alabama
Control #:
AL-010-77
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Word;
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How to fill out Alabama Quitclaim Deed From Corporation To Husband And Wife?
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How to Write an Alabama Quitclaim DeedName and address of the preparer.Name and address of the party that will be receiving tax notices.Amount of consideration given for the property.Grantor's (person selling or gifting the property) name, marital status, and address.More items...
Under the law, any person who owns a property and is competent to contract can transfer it in favour of another. If the owner gives another individual a power of attorney (POA), that person can sell it under this authority. A POA gives another person the power to act on behalf of the owner.
NEW DELHI: In a big warning to property owners who intend to sell their assets through a power of attorney (PoA) holder, the Supreme Court has ruled that the PoA holder can sell the property and register the sale by merely producing a copy of the PoA and that the original was not mandatory for registration of the sale.
People in Alabama can use quitclaim deeds to complete a number of property transfers. Often they add or remove someone as an owner of the property, as in the case of a marriage or divorce. They can also correct an error in a previous deed, such as a misspelling.
Is property sale through power of attorney legal? In 2011, the Supreme Court ruled that property sale through power of attorney (PoA) is illegal and only registered sale deeds provide any legal holding to property transactions.
