| DATE: |
01/05/06 |
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|---|---|---|---|---|
| SUBJECT/TOPIC: |
LEGAL ENTITIES |
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| Q: | In 1993 xyz local 123 Bldg. Corp., a TN Corp., conveyed real estate in TN to "xyz local 123, a Labor Organization." Is a "Labor Organization" a legal entity capable of holding title to Real Estate, if so, how would you handle the acknowledgment on a Warranty Deed since they now want to convey the property?
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| A: | Good questions. I think I'd first look into whether this is actually some sort of non-profit entity. If it's only an unincorporated association, I'm not sure it can hold title. There is a statutory provision relating to real property ownership by unincorporated religious organizations, but I'm not aware of anything relating to other associations. I think I'd regard it as a d/b/a for someone or something else, find out who or what that is, and have him, her, or it sign the deed. I'd include appropriate clarifying recitals in the deed. |
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