Gem County Quitclaim Deed (Corporation Grantor) Form

A corporation cannot pick up a pen. Someone signs for it, and the question an Idaho title examiner puts to a corporate deed is not whether the company could convey the parcel but whether the individual who signed had authority to do it. This quitclaim deed is built around that question: the Grantor is a corporation named with its state of incorporation, one authorized officer signs, and Section 7 records the authorization the signature rests on.

Idaho settles the power question and leaves the authority question open

Idaho Code Section 30-29-302 gives every corporation, unless its articles provide otherwise, the same powers as an individual to carry out its business, among them the power to acquire and hold real property and the power to sell, convey, lease, exchange, and otherwise dispose of it. Idaho Code Section 30-29-304 then takes the objection that a company exceeded its powers off the table: the validity of corporate action may not be challenged on that ground outside three named proceedings. What the record still has to show is who signed, and under what authority.

Where an officer's signature gets its authority

Authority runs through the bylaws and the board. Idaho Code Section 30-29-840 provides that a corporation has the offices described in its bylaws or appointed by the board in accordance with them, and Section 30-29-841 governs the functions of the office held. The directors need not meet to authorize a conveyance: under Idaho Code Section 30-29-821 an action is the act of the board once each director signs a consent describing it and delivers that consent to the corporation. A resolution, a written consent of that kind, and a bylaws provision naming the signing office are what Section 7 holds.

The disposition that reaches the shareholders first

Part 12 of the Idaho Business Corporation Act is headed Disposition of Assets, and Idaho Code Section 30-29-1202 is the section within it that sends certain dispositions of corporate assets to the shareholders for approval; Idaho Code Section 30-29-1302(a)(3) reads back to it with appraisal rights for a voting shareholder. Approval of that kind lives in the minute book, not at the signing table: it adds no signature line, and Section 7 names it when it applies.

A release with the covenant word kept out

Idaho reads two covenants into the word grant. Under Idaho Code Section 55-612 a conveyance using it promises, unless express terms restrain them, that the grantor has not already conveyed the same estate and that the estate carries no encumbrance the grantor made or suffered. Section 8 keeps that word out of its operative sentence, remises, releases, and forever quitclaims the corporation's interest instead, and restrains both covenants by name, so this quitclaim deed, also spelled quit claim deed and searched as a corporate deed, promises nothing about the title.

What the corporation grantor configuration carries

The form recites one Grantor corporation, one Grantee entry holding the vesting and the complete mailing address Idaho Code Section 55-601 places on the face of a conveyance, a signature block printing the corporate name above the line with the office held entered below it, and one certificate. Idaho Code Section 51-102(4)(a) treats an authorized officer of an entity as acting in a representative capacity, and the certificate follows the representative capacity short form: the officer's name, the type of authority, and the corporation on whose behalf the deed was executed. A corporation releasing a boundary remnant to an adjoining owner, and one clearing whatever interest an old instrument left standing in its name, present the pattern this deed recites. It is not set up for two officers executing together or for an individual owner.

Recording, with one note for out-of-state corporations

The acknowledged deed goes to the recorder of the Idaho county where the land sits, at the statutory fifteen dollars for a conveyance of thirty pages or fewer and no transfer tax behind it, and page one keeps the top three inches clear for the stamp or label. A corporation organized in another state meets one more section: Idaho Code Section 30-21-502 bars an unregistered foreign entity from maintaining an action here, while providing that the failure to register does not impair the validity of its acts.

Three files arrive together: the fillable deed, a completed example running a Bonner County conveyance through every entry, and a guide to the sections, the certificate, and recording. The materials are informational only, not legal advice; an Idaho attorney can address a specific parcel or corporation.