SB57 Alabama 2025 Session

Summary

Primary Sponsor

Sam GivhanSenator

Republican

Session

2025 Regular Session

Title

Property; to authorize limited liability company officers to take acknowledgments and proof of conveyances under certain circumstances

Summary

SB57 adds limited liability companies to the entities whose officers with 1 percent or less stock can take acknowledgments of conveyances, treating their stock ownership as irrelevant for that action.

What This Bill Does

Extends the existing rule that allows certain small-stock officers to take acknowledgments and proofs of conveyances to include limited liability companies. It applies to deeds, mortgages, and other conveyances for or by an LLC, where the officer owns no more than 1 percent of the LLC's stock and holds no office. When such an officer takes the acknowledgment, it shall have the same effect as if the officer did not own any LLC stock. The act becomes effective on October 1, 2025.

Who It Affects

• Officers of limited liability companies who own 1 percent or less of the LLC's stock and do not hold any office in the LLC, allowing them to take acknowledgments of conveyances for the LLC.
• Limited liability companies and other covered entities (as listed in the law) because the rule governing who can take acknowledgments now explicitly includes LLCs.

Key Provisions

• Adds limited liability company to the list of entities for which officers with 1 percent or less stock and no office can take acknowledgments or proofs of conveyances.
• Requires the officer to own not more than 1 percent of the total issued and outstanding stock and not hold any office in the entity.
• Provides that an acknowledgment taken by such an officer shall have the same effect as if the officer did not own any stock.
• States the act becomes effective on October 1, 2025.

AI-generated summary using openai/gpt-5-nano on Feb 22, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Property & Estates