Form with which a corporation may alter the amount of outstanding shares issued by the corporation.
Change Ownership Of Shares In Alameda
State:
Multi-State
County:
Alameda
Control #:
US-0034-CR
Format:
Word;
Rich Text
Instant download
Description
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FAQ
A: Under California law, removing a co-tenant from a property title can be complex, especially if the other party is unwilling to voluntarily relinquish their interest in the property.
It usually takes four to six weeks to complete the legal processes involved in the transfer of title.
In the State of California, real property is reassessed at market value if it is sold or transferred and property taxes can sometimes increase dramatically as a result.
If you need a copy of the current deed, contact or visit the Alameda County Recorder's Office. Copies of deeds are not available off the internet. There is an online name index. Copies of the document itself must be obtained from the Recorder's Office Public Records Room.
Not all transfers of title lead to property tax reassessment. Transfers due to death or between spouses often do not trigger reassessment to avoid undue financial burden. However, transferring title to a corporation typically constitutes a reassessment event due to the change in ownership nature.
How to Transfer Ownership of a Corporation Consult your Articles of Incorporation and corporate bylaws. Contact the board of directors or shareholders. Find a buyer. Transfer ownership of stock. Inform the Secretary of State.
In short, you cannot remove someone from a deed without their knowledge and express consent. Doing so without their consent can typically only be done through fraud or forgery, which is illegal. Further, an illegally-recorded deed is void and can easily be disputed and set aside by a court.
