Understanding Conveyance: Key Principles of Property transfer

Conveyance takes affect upon ______.

delivery

Conveyance takes effect upon the delivery of the conveyed property or interest in the property to the grantee or the grantee’s agent. Delivery can be actual or symbolic, depending on the type of property being conveyed. For example, delivery of a deed for real property may involve physically handing over the document to the grantee, while delivery of stock certificates may involve transfer of ownership through a stock transfer agent or broker. It is important to note that delivery must be accompanied by the intent to transfer ownership or interest in the property for the conveyance to be complete.

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