Deeds > Partnership

Deeds from General Partnerships

Deeds conveying property owned in the name of a general partnership must be executed in the name of the partnership in accordance with statutory requirements. Prior to insuring title to such conveyances a copy of the partnership agreement should be reviewed or a supporting affidavit in recordable form should be obtained reflecting the name of the partnership and setting forth the names of all partners currently existing and stating that:

 

1.  The partnership is currently in existence under a valid partnership agreement;

2.  The partner or partners executing the deed are authorized to do so under the partnership agreement or that all partners have consented to the conveyance;

3.  Any corporate general partners have not been dissolved. This is also true if the general partners are either a partnership, a limited partnership, or a limited liability company.