Property Ownership
Under Alabama law, a deed to a corporation must be signed by:
AAny employee of the corporation
BAn authorized officer of the corporation with authority to execute real estate documents✓ Correct
CThe majority of shareholders
DA licensed Alabama real estate broker
Explanation
Deeds executed on behalf of a corporation must be signed by a duly authorized officer (typically the president or CEO) acting under authority granted by the board of directors.
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Key Terms to Know
Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EasementA non-possessory right to use another person's land for a specific purpose.
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
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