Magoffin County Quitclaim Deed (Corporation Grantor) Form

A corporation outlives the people who sign for it, and it can outlive its own name. This fillable Kentucky quitclaim deed puts one corporation on the granting side, records the office of the human being who executes it, and gives the chain of title somewhere to say that the corporation signing is the one in the deed book. It passes whatever interest the corporation holds at delivery, with no covenant of title.

Two names, one instrument

KRS 382.110 conditions lodging on a statement of the immediate source of the grantor's title by office, book, page, and date, and that recital does heavier work for an entity than for a person. A corporation that changed its name by amended articles, absorbed a predecessor by merger, or converted from another form still holds under a deed recorded in the older name. Section 1 takes the corporate name in which title stands of record where it differs from the name signing today, and Section 7 takes the source of title itself, so both names meet in one recorded instrument.

An office, not only a person

Section 2 asks two things a deed from an individual never asks: the name of the signer and the office that signer holds. The paragraph beneath recites that the individual signs in the corporate name and in the office shown, not personally, under the articles of incorporation, the bylaws, and the board's authorization. Kentucky's Business Corporation Act frames the rest: KRS 271B.3-020 carries a corporation's general powers, KRS 271B.8-400 and KRS 271B.8-410 govern required officers and their duties, and KRS 271B.12-010 and KRS 271B.12-020 divide dispositions between those needing no shareholder vote and those outside the regular course of business. The deed records the capacity; the resolution and the minute book stay with the corporation.

Exemption subsections written for corporate groups

The transfer tax under KRS 142.050 runs at fifty cents for every five hundred dollars of value and falls on the grantor, and under KRS 382.260 no deed is lodged until the clerk collects it. KRS 142.050(3)(c) matters to a company holding parcels in several counties: the tax is collected once per transaction, in the county where KRS 382.110(1) puts the recording. Two subsections of the exemption list are corporate. KRS 142.050(7)(h) reaches transfers made pursuant to a merger, a consolidation, or a conversion among corporations, partnerships, limited partnerships, and limited liability companies. KRS 142.050(7)(i) reaches a transfer between a subsidiary corporation and its parent for no consideration, nominal consideration, or in sole consideration of the cancellation or surrender of either corporation's stock. A conveyance to an outside buyer falls outside both, and its taxable figure comes from Section 10, the sworn KRS 382.135 certificate.

What this deed recites, and what it is not arranged for

The form recites one grantor, a corporation, with its mailing address and its jurisdiction of incorporation; one individual signing in a named office; and one or more grantees with a co-ownership designation entry. Three signature lines follow: the officer signs the deed with its sworn certificate, the grantee signs the certificate alone and conveys nothing, and whoever drew the instrument signs the Section 12 endorsement. A manufacturer releasing a surplus strip to an adjoining owner, and a corporation clearing a parcel that still stands in a predecessor's name, present the patterns this deed recites. It is not arranged for two corporations on the granting side, an individual conveying personally, a limited liability company signing through a member or manager, or a corporation whose bylaws call for a second attesting officer, and it carries no marital status entry and no joinder block, a corporation having no spouse.

No covenants, and the clerk's content list

Kentucky reads title covenants out of statutory words: KRS 382.030 gives with warranty the force of a covenant against all claims, and KRS 382.040 confines with special warranty to claims arising by, through, or under the grantor. This deed prints neither and says so in its own text, so mortgages, judgment liens, easements, and chain gaps pass through untouched. The remaining blanks answer the intake statutes: mailing addresses on both sides, the in care of address for the year's tax bill, a parcel identification entry under KRS 382.335(3), and the signed preparer endorsement that KRS 382.335 makes a condition of recording.

Sometimes searched as a corporate quit claim deed, this download provides the fillable deed, a completed Bullitt County example, and a guide keyed to the numbered sections. The materials are informational and are not legal advice.