Statement Authority Template Form PDF Details

Understanding the Statement of Authority form is crucial for any entity, such as a corporation, limited liability company, trust, or partnership, aiming to handle real estate transactions. Under the C.R.S. §38-30-172, this document serves as a formal declaration, empowering designated individuals to perform various legal actions on behalf of the entity, including conveying, encumbering, or affecting title to real property. It meticulously records the entity's official name, its formation under specific jurisdictional laws, and its mailing address, ensuring clear communication channels. Moreover, it specifies who within the entity holds the authority to execute these significant legal instruments, along with any limitations on their power, providing a transparent and secure framework for real estate dealings. Additionally, it leaves room to outline the procedures the entity follows in managing real estate interests, underscoring the importance of this document in safeguarding legal and financial interests. Finalized with a formal execution date, signatures, and a notary public’s authentication, the Statement of Authority is a foundational tool in real estate and legal transactions for entities, encapsulating critical information in a single, authoritative document.

QuestionAnswer
Form NameStatement Authority Template Form
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namesstatement of authority colorado llc, sample statement of authority, statement of authority trust colorado, title authority statement

Form Preview Example

STATEMENT OF AUTHORITY

Pursuant to C.R.S. §38-30-172, the undersigned executes this Statement of Authority on behalf of

____________________________________, a _____________________________ (corporation, limited

liability company, general partnership, registered limited liability partnership, registered limited liability limited partnership, limited partnership association, government agency, trust or other), an entity other than an individual, capable of holding title to real property (the “Entity”), and states as follows:

The name of the Entity is ________________________________________________________________,

and is formed under the laws of __________________________________________________________.

The mailing address for the Entity is _______________________________________________________

____________________________________________________________________________________.

The name and/or position of the person authorized to execute instruments conveying, encumbering, or otherwise affecting title to real property on behalf of the Entity is _______________________________

____________________________________________________________________________________.

The limitations upon the authority of the person named above or holding the position described above to bind the Entity are as follows (if no limitations, insert “None”): _______________________________

____________________________________________________________________________________.

Other matters concerning the manner in which the Entity deals with any interest in real property are (if no other matter, leave this section blank): __________________________________________________

____________________________________________________________________________________.

EXECUTED this ______ day of _________________________, 20______.

Signature: ______________________________________

Name (printed): __________________________________

Title (if any): _____________________________________

STATE OF __________________)

)SS. COUNTY OF __________________)

The foregoing instrument was acknowledged before me this _____ day of _________________, 20____

by ___________________________________, on behalf of __________________________________, a

____________________________________.

Witness my hand and official seal.

 

My commission expires: _______________

_____________________

(Date)

(Notary Public)

[SEAL]

 

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How to prepare sample statement of authority portion 1

2. The next part would be to fill in these fields: Pursuant to CRS the undersigned, STATE OF SS COUNTY OF, The foregoing instrument was, Witness my hand and official seal, Date, Notary Public, and SEAL.

Tips to fill in sample statement of authority stage 2

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