Lawfully issued definition
Lawfully issued means adopted, issued, or rendered in accordance with the applicable statutes, rules, regulations, and ordinances of the United States, a state, or a political subdivision of a state.
Lawfully issued means issued—
Lawfully issued means adopted, issued, or rendered in accordance with the United States constitution, the constitution of a state, and the applicable statutes, rules, regulations, and ordinances of the United States, a state, and the political subdivisions of a state.
More Definitions of Lawfully issued
Lawfully issued means adopted, issued, or rendered in accordance with applicable statutes, rules, regulations, and ordinances of the United States, a state, or an agency or a political subdivision of a state. South Carolina law provides different kinds of deeds to transfer property. One type is the warranty deed which transfers property and includes legally enforceable promises, called warranties, that the grantor (the property owner) has good title to the property. If at any point, the grantee (the person to whom the grantor transferred the property) discovers that someone else has a better claim to the property, the grantee can sue the grantor. A quitclaim deed is less complicated than a warranty deed because it does not include any warranties about the grantor’s title. Instead, by using a quitclaim deed, the grantor transfers whatever interest the grantor has in the property to the grantee. To learn more about quitclaim deed requirements in South Carolina, read on. Table of Contents South Carolina Quitclaim Deed Laws and Requirements Under South Carolina law, a quitclaim deed requires the grantor’s signature and the signature of two witnesses. A notary or other public official, who can serve as the second witness, must also acknowledge the grantor’s signature. After paying a transfer tax (also known as a deed recording fee), the deed becomes part of the official record. Laws Title 27 of the South Carolina Code of Laws outlines South Carolina’s laws on real property and conveyances. Laws governing deeds specifically are found in Chapter 7 of that title. Title 30 of the South Carolina Code of Laws describes the recording of deeds. Legal Description The property’s legal description, which includes not just the street address, is required when describing the property in a quitclaim deed. Signing The grantor must sign the quitclaim deed under South Carolina Code § 30-5-30. Acknowledgments A notary public or certain other public officials must acknowledge the grantor’s signature for recording a deed in South Carolina, according to South Carolina Code § 30-5-30. Transfer Tax Per South Carolina Code § 12-24-10, there is a transfer tax, referred to as a deed recording fee in the state, payable to the Clerk of Court in the county where the deed is recorded. For property valued between $100 and $500, the deed recording fee is at $1.85 of the realty’s value. For property valued over $500, the rate is