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Prepared by U.S. Legal Forms, Inc. Copyright 2016 U.S. Legal Forms, Inc. STATE OF SOUTH DAKOTAQUITCLAIM DEED CORPORATION TO INDIVIDUAL Control Number SD 011 77NOTE ABOUT COMPLETING THE Forsythe forms
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How to fill out quitclaim deed from corporation

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How to fill out quitclaim deed from corporation

01
Obtain a blank quitclaim deed form from your state's official website or from a legal documents provider.
02
Fill in the name of the corporation as the grantor in the 'Grantor' section of the deed.
03
Provide the legal description of the property being transferred in the 'Property Description' section.
04
Enter the name of the individual or entity receiving the property, known as the grantee, in the 'Grantee' section.
05
If required, include any additional terms or conditions of the transfer in the 'Additional Provisions' section.
06
Sign the quitclaim deed in the presence of a notary public and have it notarized.
07
Submit the completed and notarized quitclaim deed to the appropriate county office or recorder's office for recording.
08
Pay any applicable filing fees and retain a copy of the recorded quitclaim deed for your records.

Who needs quitclaim deed from corporation?

01
Individuals or entities who require a quitclaim deed from a corporation include:
02
- Shareholders or members of the corporation transferring their ownership interest in a property.
03
- Potential buyers or recipients of corporate property.
04
- Lenders or financial institutions in case of foreclosure or repayment of debts.
05
- Attorneys or legal representatives handling corporate property transfers or disputes.
06
- Government agencies or entities involved in tax assessments or property transactions with the corporation.

What is Quitclaim Deed from Corporation to Individual - South Dakota Form?

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A quitclaim deed from a corporation is a legal document that allows a corporation to transfer its interest in a property to another party without making any warranties about the title. It simply conveys whatever interest the corporation has in the property.
Typically, the corporation that is transferring the property is required to file the quitclaim deed. This may include corporate officers or designated representatives who have the authority to execute such documents.
To fill out a quitclaim deed from a corporation, the corporation must provide its name, the name of the grantee, a description of the property, and the signature of an authorized representative. It's also necessary to include any required legal language and notarization.
The purpose of a quitclaim deed from a corporation is to transfer property rights without guarantees about the title. It is often used for simple transactions, in cases of family transfers, or when clearing up title issues.
The quitclaim deed must report the names of the grantor (the corporation) and the grantee, the legal description of the property, the date of the transfer, and the authorized signature of the corporation's representative.
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