6-08-21. Execution of instruments.
91 words·~1 min read·
/nd/title-06/chapter-6-08-general-provisions/6-08-21·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Any loan, trust, or banking corporation in its bylaws may empower any one or more of its officers severally or conjointly to execute and acknowledge in its behalf conveyances, transfers, assignments, releases, satisfactions, or other instruments affecting liens upon, titles to, or interests in real estate. In the absence of such provision in the bylaws, the president, secretary, treasurer, or cashier of any loan, trust, or banking corporation may execute and acknowledge such instruments on behalf of the corporation when authorized so to do by resolution of its board of directors.