N.Y. Real Property Law 332-A – Validation of the record, execution and proof or acknowledgment of certain other instruments
§ 332-a. Validation of the record, execution and proof or acknowledgment of certain other instruments. The record made prior to the day when this act takes effect in the office of the recording officer of any county in this state or, the execution and proof or acknowledgment made prior to the day when this act takes effect, of any deed, mortgage, assignment or satisfaction piece of a mortgage, discharge or release of part of mortgaged premises, or other conveyance or a power of attorney, the acknowledgment of the execution of which by a corporation was made by an officer thereof, or the execution of which was proven by a subscribing witness, such acknowledgment or proof having been taken or made before an officer or person thereto authorized, and the certificate or certification thereof or therefor being sufficient as to form in all respects except that it either did not state the place of residence of such officer of the corporation or of such subscribing witness or did not state it with sufficient particularity, shall be in all respects as valid and effectual as though such certificate or certification had contained a sufficient statement as to such place of residence; but this section shall not affect any action or proceeding pending at the time of the taking effect thereof.
Terms Used In N.Y. Real Property Law 332-A
- conveyance: includes every written instrument, by which any estate or interest in real property is created, transferred, mortgaged or assigned, or by which the title to any real property may be affected, including an instrument in execution of a power, although the power be one of revocation only, and an instrument postponing or subordinating a mortgage lien; except a will, a lease for a term not exceeding three years, an executory contract for the sale or purchase of lands, and an instrument containing a power to convey real property as the agent or attorney for the owner of such property. See N.Y. Real Property Law 290
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC
- recording officer: means the county clerk of the county, except in a county having a register, where it means the register of the county. See N.Y. Real Property Law 290