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H.B. 26 Enrolled

                 

CONVEYANCES OF PROPERTY

                 
2005 GENERAL SESSION

                 
STATE OF UTAH

                 
Sponsor: J. Stuart Adams

                 
                  LONG TITLE
                  General Description:
                      This bill modifies the Real Estate title to address conveyances of property including
                  providing for special warranty deeds.
                  Highlighted Provisions:
                      This bill:
                      .    clarifies application of after-acquired property;
                      .    provides for special warranty deeds; and
                      .    makes technical changes.
                  Monies Appropriated in this Bill:
                      None
                  Other Special Clauses:
                      None
                  Utah Code Sections Affected:
                  AMENDS:
                      57-1-10, Utah Code Annotated 1953
                  ENACTS:
                      57-1-12.5, Utah Code Annotated 1953
                 
                  Be it enacted by the Legislature of the state of Utah:
                      Section 1. Section 57-1-10 is amended to read:
                       57-1-10. After-acquired title passes.
                      (1) If any person [shall hereafter convey] conveys any real estate by conveyance
                  purporting to convey the same in fee simple absolute, and [shall not] at the time of [such] the


                  conveyance the person does not have the legal estate in [such] the real estate, but [shall]
                  afterwards [acquire] acquires the same[,]:
                      (a) the legal estate subsequently acquired shall immediately pass to the grantee, [his] the
                  grantee's heirs, successors, or assigns[,]; and [such]
                      (b) the conveyance shall be as valid as if [such] the legal estate had been in the grantor at
                  the time of the conveyance.
                      (2) (a) Subsection (1) applies to a conveyance by:
                      (i) warranty deed;
                      (ii) special warranty deed; or
                      (iii) trust deed.
                      (b) Subsection (1) does not apply to a conveyance by quitclaim deed.
                      Section 2. Section 57-1-12.5 is enacted to read:
                      57-1-12.5. Form of special warranty deed -- Effect.
                      (1) Conveyances of land may be substantially in the following form:
                 
SPECIAL WARRANTY DEED

                      ____ (here insert name), grantor, of ____ (insert place of residence), hereby conveys and
                  warrants against all who claim by, through, or under the grantor to ____ (insert name), grantee,
                  of ____ (insert place of residence), for the sum of ____ dollars, the following described tract
                  ____ of land in ____ County, Utah, to wit: (here describe the property).
                      Witness the hand of said grantor this __________(month\day\year).
                      (2) A special warranty deed when executed as required by law shall have the effect of:
                      (a) a conveyance in fee simple to the grantee, the grantee's heirs, and assigns, of the
                  property named in the special warranty deed, together with all the appurtenances, rights, and
                  privileges belonging to the property; and
                      (b) a covenant from the grantor, the grantor's heirs, and personal representatives, that:
                      (i) the granted property is free from all encumbrances made by that grantor; and
                      (ii) the grantor, the grantor's heirs, and personal representatives will forever warrant and
                  defend the title of the property in the grantee, the grantee's heirs, and assigns against any lawful


                  claim and demand of the grantor and any person claiming or to claim by, through, or under the
                  grantor.
                      (3) Any exceptions to a covenant described in Subsection (2)(b) may be briefly inserted
                  in the deed following the description of the land.


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