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

Land that came into a partnership in the partnership name leaves it the same way, and that rule shapes this deed. The fillable form here is a North Carolina quitclaim for one partnership as Grantor, general or limited: it releases whatever interest the partnership holds, without covenant of title, and one partner or general partner signs in the partnership name above a blank for the office that signer holds.

Two sentences put the partnership name on the signature line

G.S. 59-38(c) carries both halves: any estate in real property may be acquired in the partnership name, and title so acquired can be conveyed only in the partnership name. G.S. 59-40(a) lets any partner convey that title by a conveyance executed in the partnership name, reserving to the partnership a right to recover the land where the partner's act does not bind it and no holder for value has taken without knowledge. G.S. 59-39(a) sets that condition: a partner's act, including execution of an instrument in the partnership name, binds the partnership where it is for apparently carrying on in the usual way the business of the partnership. Section 8 states on its face that record title stands in the partnership name and that the signature is made in that name, in that capacity and not individually.

The ordinary-course statute this deed cannot borrow

G.S. 47-18.3 protects innocent third parties where a registered page shows ordinary-course signing by a listed official of a corporation or a limited liability company, and excuses those instruments from a recorded resolution. No parallel provision for partnerships was located in Chapter 47, so this deed answers to Chapter 59 and to the partnership's own papers. Hence the weight of the office blank: G.S. 59-403(a) gives a general partner of a limited partnership the powers of a partner in a partnership without limited partners, subject to the Article and the partnership agreement, and G.S. 59-102(6) defines that partner as one named in the certificate of limited partnership.

One partnership, one signer, one office blank

The form recites a single Grantor partnership by name, with a blank for the type of partnership and its state of organization: a general partnership, a limited partnership, a registered limited liability partnership, or a limited liability limited partnership. One acknowledgment certificate follows the one signer. Positions in the records presenting this configuration include a general partnership releasing a tract to the entity its partners later formed, a limited partnership releasing a parcel while its affairs are wound up, and a release clearing an interest that outlasted a change in the general partners. The form is not set up for two conveying partnerships, two partners signing together, an individual conveying individually, or land whose record title stands in the partners' names, the G.S. 59-40(c) and G.S. 59-40(e) posture.

A certificate that need not name the partnership

G.S. 47-38 supplies a certificate sufficient for one or more individuals acting in their own right or, whether or not the certificate says so, in a representative capacity, and it lists a partner of a general or limited partnership. G.S. 47-41.01(e) adds that its entity forms may be modified for partnership instruments. This certificate carries that substance, and because G.S. 39-6.5 took the seal out of conveyances, none belongs on the page.

The release, and the figure on the excise line

Searchers find this instrument as a quit claim deed, a quitclaim, or a non-warranty deed, and under any label it promises nothing: G.S. 39-1 delivers whatever estate the partnership holds unless the deed shows a smaller one, while deeds of trust, easements, and restrictions ride through. Page one reports the excise figure, computed under G.S. 105-228.30 at a dollar for each five hundred dollars or fraction of consideration and collected before recording under G.S. 105-228.32; a wind-up transfer for nothing lands among the classes G.S. 105-228.29 leaves outside the tax. Beside it sit the drafter entry G.S. 47-17.1 makes a condition of acceptance, a parcel identifier blank under G.S. 161-30, and the three inch stamp space of G.S. 161-14(b). Registration in the county holding the land is what makes the release good against creditors and later purchasers under G.S. 47-18.

The download carries this deed as a fillable PDF, a completed example worked through a Pitt County limited partnership releasing an undivided interest to the cotenants buying it out, and a plain language guide covering each section, the execution statutes, the vesting menu, and recording. It describes North Carolina law generally and is not legal advice.