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

A Tennessee partnership can put its signing authority on record in the office where its deeds go. Under T.C.A. Section 61-1-303 a partnership may file a statement of partnership authority naming the partners who may transfer real property held in the partnership name, and a certified copy recorded with the register of deeds in the property's county makes that grant conclusive in favor of a purchaser who gives value. This quitclaim deed sits at the other end of that record: one Tennessee partnership releasing whatever interest it holds in a parcel, signed in the partnership name by a partner.

The signature is the partnership's own name

Section 61-1-302(a)(1) states the mechanism: partnership property held in the name of the partnership may be transferred by an instrument of transfer executed by a partner in the partnership name. The entity is the maker; a partner writes its name. Section 61-1-301 makes each partner an agent for the partnership's business, binding it on an act apparently in the ordinary course, while Section 61-1-401(j) leaves an act outside that course to the consent of all of the partners.

Four partnership spellings, one execution

A general partnership and a registered limited liability partnership, registered under Section 61-1-1001, both answer to Title 61, Chapter 1. A limited partnership answers to its formation date: one formed before January 1, 2018 to the Revised Uniform Limited Partnership Act at Chapter 2, one formed later to the Tennessee Uniform Limited Partnership Act of 2017 at Chapter 3, where Section 61-3-402 makes each general partner an agent. A limited liability limited partnership signs the same way, and Sections 1 and 2 collect the entity, the signing partner, and the authority relied on.

One partnership, one signature, two notarial acts

The form recites one grantor, a partnership holding record title in its own name, and one grantee. Section 13 sets the partnership name above a single signature line with printed name and date, followed by one acknowledgment certificate carrying the substance Section 66-22-108(b)(1) prints for a partnership instrument: the person appeared and, upon oath, acknowledged being a partner of the within named bargainor, a partnership, who executed the instrument by signing the partnership name. Beneath Section 14 the sworn statement of consideration or value takes its own signature line and jurat, since acknowledging a signature and administering an oath are separate notarial acts. A partnership deeding out a parcel after its development work ended, and a limited partnership passing land to the successor of its business, present the movements this deed recites. It is not drawn for two partnerships conveying together, an individual signing personally, or a signer whose authority runs from bylaws, an operating agreement, or a trust instrument. Where record title stands in the partners' own names, Section 61-1-302(a)(2) points the signature at the persons the record names.

The tax counter and a narrow exemption

The register collects the transfer tax before the deed reaches the records, at $0.37 per $100 of consideration or value, whichever is greater. Section 67-4-409(a)(4) then supplies the measure: a deed in the statutory form of Section 66-5-103(2), conveying only the grantor's interest, is taxed on what the grantee actually paid rather than on the parcel's value. The reorganization exemption reads narrowly: Section 67-4-409(e) reaches transfers of substantially all of the assets in this state of corporations under plans of reorganization, and the subsection names corporations.

A release, and the record behind it

What passes is the partnership's interest exactly as it stands, with no covenant or warranty of title: deeds of trust, judgment liens, easements, and unpaid taxes stay attached to the land. No spousal consent line appears: the Section 26-2-301 homestead exemption belongs to an individual's principal residence. Section 12 states what the partnership asserts about capacity, while an examiner traces the partnership agreement and any statement of partnership authority of record, filed separately from this deed. The numbered sections also collect the register's intake items: where the partnership's title came from under Section 66-24-110, the new owner and tax-responsible party under Section 66-24-114, the assessor's parcel number, and the preparer block. Buyers search this one as a partnership quitclaim deed or a quit claim deed from a partnership.

The package holds the blank deed as a fillable PDF, a completed Maury County example carried through to the jurat beneath the oath, and a plain language guide walking all fourteen sections and the register's counter. Everything in it is informational, a description of Tennessee law and not legal advice about a parcel.