[WSBARP] Clear title on dissolved corporation

[RebeccaWiess]

Key is making title company comfortable. I once traced down the secretary of
a non-profit that was 50 years in the past, did a deed with supporting
factual affidavit, and title was happy. Conversely, I've had to do quiet
title against long-lost heirs, which is mostly very lengthy process. If you
can and haven't already, get title co attorney in the loop on what will
suffice, in addition to title officer.

 

Rebecca K. Wiess

421 24th Avenue East

Seattle, WA  98112

Phone 206 329-6638

rwiess at foxinternet.net 

 

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From: wsbarp-bounces at lists.wsbarppt.com
[mailto:wsbarp-bounces at lists.wsbarppt.com] On Behalf Of Inge Fordham
Sent: Tuesday, July 30, 2019 4:12 PM
To: WSBA Real Property Listserv; wsbapt at lists.wsbarppt.com
Subject: Re: [WSBARP] Clear title on dissolved corporation

 

If the corporation was 100% owned by one person (as you say below), the
corporate form may be disregarded, and a PR deed should suffice.  I would
have the PR sign as the PR for the estate of Mr(s). so-and-so, 100%
shareholder of XYZ corporation, dissolved effective (date).

 

 


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aR29EbHlRWHFseFV5STZpSUVGeUNPWldkVDFVPQ

Inge A. Fordham | Attorney

Fordham Law, PLLC

3218 Sixth Avenue | Tacoma, WA 98406

Office: (253) 348-2657 | Mobile: (206) 778-3131

 

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From: <wsbarp-bounces at lists.wsbarppt.com> on behalf of Timothy Lehr
<timothy at stileslaw.com>
Reply-To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com>
Date: Tuesday, July 30, 2019 at 4:06 PM
To: "wsbapt at lists.wsbarppt.com" <wsbapt at lists.wsbarppt.com>
Cc: 'WSBA Real Property Listserv' <wsbarp at lists.wsbarppt.com>
Subject: [WSBARP] Clear title on dissolved corporation

 

All,

 

Corporation was dissolved about 20 years ago. Real property was owned by
Corp. at time of dissolution but was never transferred out of Corp.'s name.
Sole shareholder held 100% interest in Corp. Shareholder has now died and
the real property needs to be transferred either into shareholder's estate
or directly to beneficiaries of shareholder's estate per his Will. Title
company is drawing a blank on who needs to sign what to clear title from
Corp. to Estate or directly to beneficiaries. Maybe just accompany the PR
Deed with an affidavit signed by PR setting out the above facts and reasons
as to where the real property rightfully goes?

 

I imagined there would be a statute to cover this as I'm sure it's not the
first time it has occurred but I'm not having any luck finding one.  

 

Timothy C. Lehr

Attorney at Law

Stiles Law Inc., P.S.

 

p:   360.855.0131

e:   timothy at stileslaw.com

w:  www.stileslaw.com

 

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