A domestic or foreign entity that has executed and recorded an affidavit authorizing one or more individuals with authority to transfer on behalf of the entity an estate or interest in real property in the name of the entity may terminate the transfer authority specified in the affidavit at any time by recording a written termination of the authority specified in the affidavit with the county clerk in the county in which the real property is located. Tex. Prop. Code § 12.019(n).
Affidavit of Termination of Authority to Transfer (Pursuant to Section 12.019, Texas Property Code)
Date:
Name of Domestic or Foreign Entity Owning Title to the Property (the “Entity”):
Entity’s Address: [include street address]
Property to Be Transferred: [insert legal description]
Affidavit of Authority to Transfer: [insert recording information]
Affiant:
Affiant on oath swears that the following statements are true and are within the personal knowledge of Affiant:
1.My name is [name of affiant]. I am at least eighteen years of age. I am authorized to execute this affidavit on behalf of the Entity. I am competent to execute this affidavit. I understand that third parties will rely on the truthfulness of the statements made in this affidavit and that this affidavit is made under penalty of perjury.
2.The authority to transfer an estate or interest in the Property as contained in the Affidavit of Authority to Transfer described above is terminated effective when this Affidavit of Termination of Authority to Transfer is indexed by the county clerk of the county where the Property is located.
[Name of affiant]
SUBSCRIBED AND SWORN TO before me on __________________ by [name of affiant].
Notary Public, State of Texas
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Include acknowledgment. |