Posted by John Merchant on September 30, 2006 at 16:50:36:
One would need to read the corp documents, subscription agreement, resolutions, etc AND know the law of the state of incorporation, and the the state where the bldg is situated before attempting to answer this question.
To get a shorthand legal opinion, albeit a learned and valuable one, on what it would take for the corp to deed that property, I’d order a prelim title opinion from local title co. The title co. would dig into all the issues and spell out exactly who would have to do what for this conveyance to take place with T insurance thereon.
By the way, many people are offended by the ALL CAPS posting, so I’d suggest you do it right, or if you’re disabled and can’t easily handle word case switching, go to all small case.