4-33-845. Officers' authority to execute documents.

Arkansas Code — all titles (historical 2020) · legal_authorities

4-33-845. Officers' authority to execute documents.

4-33-845. 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 any two (2) officers in Category 1 below or by one (1) officer in Category 1 below and one (1) officer in Category 2 below. Category 1 — The presiding officer of the board and the president. Category 2 — A vice president, the secretary, treasurer and executive director.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 4-33-845

Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.