Also known as: owners of record · record owner
Written by attorneys · grounded in primary & secondary sources — see below
A person in whose name title to property appears in the public records.
Odette Orozco holds title to a warehouse in her individual name on the recorded deed. She signs and delivers a warranty deed conveying the warehouse to Oakridge Manufacturing for cash. Oakridge records the deed and takes possession without knowledge of any undisclosed partnership claim.
Odilia Okamura appears as the record owner of corporate stock on the issuer's books. Delaware claims the shares as abandoned property. New York asserts a competing escheat claim based on the corporation's incorporation there.
Select any source to read its text and confirm it supports the definition.
Oscar Ortiz is listed as the record owner of shares in a Delaware corporation. He calls a special meeting to elect new directors. The incumbent board challenges the meeting as improperly noticed.
Olive Okafor is the record owner of Florida real property. A Florida court enters a judgment affecting her interest in the land. A Delaware trustee holding related assets challenges the Florida court's power over her.
Odessa Okada holds shares as record owner at the time of a cash-out merger. She dissents and seeks appraisal. Later she discovers fraud and seeks rescissory damages in a separate action.
Owen Ortega is the sole record owner of partnership real estate titled in his individual name. He executes a deed conveying the property to Osprey Aviation. The partnership later sues to recover the land from the buyer.
A buyer obtains valid title when the property is held in an individual's name without any partnership notation in the deed and the buyer pays value without notice that the signer lacked authority. The partnership may recover only by proving the buyer knew the signer lacked authority.
Supporting sources
No. The record owner alone may execute the instrument of transfer. The statute permits conveyance by the person in whose name the property is held when no partnership reference appears in the title documents.
Supporting sources
The buyer must show payment of value and lack of notice that the signer lacked authority to bind the partnership. Actual knowledge or formal notification of the partnership interest defeats the buyer's protection.
Supporting sources
…shares of Technicolor common stock, approximately 4.5% of the total issued and outstanding common stock, and Cede & Company, the record owner of the shares of Technicolor owned beneficially by Cinerama.[^maj-1] Cinerama seeks to proceed to trial on both its appraisal remedy and its equitable claim against the several defendants,…