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

Oklahoma decides who signs a partnership's deed by reading the deed that put the property into the partnership's hands. This quitclaim deed is arranged around that: Section 1 takes the partnership name, type, and state of organization, Section 2 the name in which record title now stands, Section 3 the signer with capacity and authority, and Section 13 the partnership name above one signature line. Whatever interest the partnership holds crosses to the grantee released rather than warranted, under 16 O.S. Sections 18 and 41.

The vesting entry that picks the signature

Title 54 makes a partnership an entity distinct from its partners under 54 O.S. Section 1-201, then matches signature to vesting in Section 1-302. Partnership property held in the name of the partnership may be transferred by an instrument executed by a partner in the partnership name, the arrangement this form recites. Property held instead in the names of one or more partners, with their partner capacity indicated in the acquiring instrument, is transferred by an instrument executed by the persons in whose name it is held, so the count of signatures follows the record rather than the entity. Behind both sits Section 1-301: a partner's act for apparently carrying on the ordinary course binds the partnership unless the partner lacked authority and the buyer knew.

A filed statement of authority, and a five year clock

A partnership can also put a partner's authority over real property on record. Under 54 O.S. Section 1-303 a grant of authority to transfer real property held in the partnership name, carried in a certified copy of a filed statement of partnership authority recorded where transfers of that property are recorded, is conclusive in favor of a person who gives value without knowledge to the contrary, and a limitation recorded the same way is knowledge charged to a nonpartner. Two details bind the device: under Section 1-105 only a certified copy of a statement filed with the Secretary of State carries recorded-statement effect, and a filed statement is canceled by law five years after filing. That copy records on its own and is not part of this package.

A limited partnership signs through a general partner

For a limited partnership the rule narrows. Under 54 O.S. Section 500-402A a general partner's act, including signing a record in the partnership name, for apparently carrying on the limited partnership's activities in the ordinary course binds it, while Section 500-302A gives a limited partner no power as a limited partner to bind it. Section 500-406A adds that disposing of all, or substantially all, of the property outside the usual and regular course takes the consent of each partner. A limited partnership releasing a legacy interest of record to the current owner, and a general partnership deeding a tract to the successor limited partnership formed to hold it, present the patterns this deed recites. No marital statement appears: the homestead rule of 16 O.S. Section 4 runs to spouses, and a partnership is not one.

Release, not promise

The granting sentence carries the statutory words, quitclaim, grant, bargain, sell and convey, and omits the warranty phrase that 16 O.S. Section 40 prints. Section 18 measures the reach: whatever the maker held in the described premises, and nothing beyond. Since the covenants of 16 O.S. Section 19 belong to the warranty form alone, the partnership's mortgage stays put, with the easements, plat restrictions, and severed minerals. Section 9 lists those matters for information, and the deed's face states that a listing or omission creates no warranty. Searches for a partnership quit claim deed or quick claim deed in Oklahoma land here; the statutes spell it quitclaim.

What the county clerk reads

Documentary stamp tax attaches under 68 O.S. Section 3201 above one hundred dollars of consideration or value, at seventy five cents per five hundred, and Section 10 takes the tax or the exemption paragraph of 68 O.S. Section 3202. Section 11 answers 60 O.S. Section 121, which keeps a covered deed off the record without the notarized land ownership affidavit of the party taking title, or a face exemption; that affidavit belongs to the grantee. Pages follow 19 O.S. Section 298 as SB57 amended it in 2024: two inch top margins on every page.

The package delivers the fillable deed, a completed example worked through a Comanche County parcel conveyed by an Oklahoma limited partnership, and a guide to its thirteen sections. It describes Oklahoma law in general terms and is not legal advice.