Declaración de Autoridad para Transferir Propiedades

Sec. 12.019. AFFIDAVIT OF AUTHORITY TO TRANSFER. (a) In this section: (1) "Domestic entity," "foreign entity," "jurisdiction of formation," and "nonprofit entity" have the meanings assigned by Section 1.002, Business Organizations Code. (2) "Transfer" means a transaction to sell, exchange, convey with or without covenants, quitclaim, release, surrender, mortgage, encumber, partition or consent to partitioning, subdivide, apply for zoning, rezoning, or other governmental permits, plat or consent to platting, develop, grant options concerning, lease or sublet, or otherwise dispose of an estate or interest in real property or a right incident to real property. (b) This section does not apply to: (1) a domestic nonprofit entity or a foreign entity that is: (A) exempt from federal taxation under Section 501(a), Internal Revenue Code of 1986, by being listed as an exempt entity under Section 501(c)(3) of that code; or (B) described by Section 170(c)(1) or (2), Internal Revenue Code of 1986; or (2) a transaction involving the transfer of an estate or interest in real property in an amount that exceeds $1 million. (c) A domestic entity or foreign entity may execute and record an affidavit identifying 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 if the entity is: (1) a limited liability company, a limited partnership, or a professional entity as defined by Section 301.003, Business Organizat