Lyon County Quitclaim Deed (Partnership or Limited Partnership Grantor) Form

One sentence of Nevada law shapes this deed: an estate in real property may be acquired in a partnership name, and title so acquired can be conveyed only in the partnership name, which is how NRS 87.080 puts it. Section 1 of this Nevada quitclaim deed names one partnership as the releasing owner; Section 10 records the partnership act that governs it, the signer's capacity, and the authority relied on. A partnership quit claim deed, a quick claim signed by a general partner: those searches arrive here.

Two partnership acts, and Section 10 asks which one

Nevada runs two general partnership statutes at once, and the choice changes how a signature is tested. NRS 87.025 keeps the older Uniform Partnership Act over a partnership formed before July 1, 2006 that has not elected out of it; NRS 87.4314 places the Uniform Partnership Act (1997) over one formed on or after that date that has not. Limited partnerships split their own way, NRS 87A.145 reaching one formed on or after October 1, 2007 that has not elected NRS Chapter 88, with NRS 87A.355 making the general partner the agent.

How a partner writes the partnership name

Under the older act, NRS 87.090(1) makes every partner an agent of the partnership, so an act in the partnership name for apparently carrying on the business in the usual way binds it. NRS 87.100(1) adds the land consequence: a partner may convey title standing in the partnership name, yet the partnership may recover it where that partner's act did not bind it, except against a holder for value without knowledge of the excess. The later act routes the question through a filing: NRS 87.4325 and NRS 87.4326(1)(a) subject the agency and the transfer alike to a statement of partnership authority, which under NRS 87.4318 is filed with the Secretary of State and reaches the land records as a recorded certified copy.

One partnership, one signature, one certificate

The architecture stays single throughout: one grantor entry holding the partnership name, its form of entity, and its jurisdiction of organization; one authority section; one signature line made in the partnership name, under the printed name rule of NRS 247.190; one certificate in the representative capacity short form of NRS 240.1665. The result is a release executed in the only name NRS 87.080 permits, its authority stated in the record. Configurations appearing in the Nevada record include a general partnership releasing a parcel to its partners as tenants in common on winding up, a limited partnership releasing a parcel a partner had contributed back to that partner, and a partnership releasing its interest where record title also stands in individual partner names. An agreement calling for two general partners to act jointly wants a second signature line and certificate this form does not print. No spousal joinder line appears: NRS 123.230(3) speaks to spouses holding community real property.

A release, with no covenant behind it

The operative sentence remises, releases, and forever quitclaims. Left out are the three words NRS 111.170 charges with limited implied covenants, grant, bargain and sell, and the deed records that omission on its face. NRS 111.070 fixes the size of what moves, carrying the partnership's whole estate at delivery and nothing past it, so liens, easements, and recorded restrictions travel on with the parcel.

Exemption 3, and the partial interest entry

A State of Nevada Declaration of Value crosses the counter beside the deed under NRS 375.060, a Tax Commission form obtained separately and not part of this download, and NRS 375.030 has the recorder figure the transfer tax before acceptance. Where a fraction of the interest passes, the tax is computed on the fraction transferred. And NRS 375.090(3) exempts a transfer of title recognizing the true status of ownership of the real property, the subsection reaching a parcel whose record title and whose actual partnership ownership have drifted apart. The first page separately carries the four items NRS 111.312 turns into conditions of recording, the parcel number at the top left among them, under the social security number affirmation and on a sheet drawn to NRS 247.110.

Three files come down together: the fillable blank deed, a completed example worked through a Churchill County distribution on winding up of a Nevada limited partnership, and a guide walking the numbered sections, the grantee vesting forms, and recording. Everything here is informational, not legal advice. A Nevada attorney can speak to one partnership's authority or one parcel's chain of title.