Full question:
Can a Quitclaim deed be granted from a LLC to an Individual? The LLC is the Grantor and the Individual is the Grantee.
- Category: Real Property
- Subcategory: Deeds
- Date:
- State: Wyoming
Answer:
Yes, a LLC may transfer property to an individual as a grantor in a quit claim deed. A representative of the company will sign the deed in his/her representative capacity by adding the title of the position held in the company along with the signature. For example, a person may sign as John Doe, President, rather than merely Joe Doe, to indicate the action is taken in a representative capacity on behalf of the company and under the authorized powers to transfer the asset. As long as the company resolutions and/or bylaws grant the authority to transfer the assets, it is generally a valid transfer.
This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.
