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Commonly Asked Questions about Corporation Real Estate Deeds

1. a corporation can convey real estate only by the authority defined in the bylaws or on the basis of a resolution passed by its board of directors. 2. deed can be signed conveying corporation-owned property only by an authorized officer.
- a corporation can convey real estate only by the authority defined in its by lsws or on the basis of a resolution passed by its board of directors. A deed conveying corporation-owned real estate can be signed only by an authorized officer.
Tenancy by the Severalty. When ownership of real property is in the hands of an individual or corporation it is referred to as a severalty estate. The law considers a corporation an individual which must act by corporate resolution with official decisions by the board of directors.
A: An unrecorded deed is still valid and should be recorded asap, as NYS is a race state meaning of two valid deeds, the first filed has priority even if the other was more recent. Upon the death of one joint tenant, the survivor automatically obtains full ownership.