Bill > SB1254

This bill amends Arizona law regarding the formal requirements for transferring ownership of real property, known as conveyances. Specifically, it requires that for a transfer of ownership of land to be valid, the document must be in writing, signed by the person giving up ownership (the grantor) and also by the person receiving ownership (the grantee) or their authorized agent. Additionally, the bill clarifies that any defects in the acknowledgment of a deed, which is a formal declaration before an authorized officer that the signature is genuine, will not invalidate the deed if it has been recorded. A significant new provision is that a deed will not be officially recorded unless the grantee's acceptance is shown by their signature or a written statement of acceptance attached to the deed.

Budget and Finance

https://apps.azleg.gov/BillStatus/BillOverview/84770