10-3845. Officers' authority to execute documents
Any contract or other instrument in writing executed or entered into between a corporation and any other person is not invalidated as to the corporation by any lack of authority of the signing officers in the absence of actual knowledge on the part of the other person that the signing officers had no authority to execute the contract or other instrument if it is signed by two individuals who are either:
1. Both the presiding officer of the board of directors and the president.
2. Either the presiding officer of the board of directors or the president, and one of the following:
(a) A vice-president.
(b) The secretary.
(c) The treasurer.
(d) The executive director.
Section: Previous 10-3830 10-3833 10-3840 10-3841 10-3842 10-3843 10-3844 10-3845 10-3850 10-3851 10-3852 10-3853 10-3854 10-3855 10-3856 NextLast modified: October 13, 2016