706.03 Agents, officers and guardians.

193 words·~1 min read·/wi/chapter-706/706-03

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)In this section:

(a)“Private corporation” means a corporation other than a public corporation.

(b)“Public corporation” means this state, a county, town, city or village in this state, a subunit of the state, county, town, city or village, a special purpose district in this state or any state or municipal authority or similar organization financed in whole or in part by public funds.

(1m)A conveyance signed by one purporting to act as agent for another shall be ineffective as against the purported principal unless such agent was expressly authorized, and unless the authorizing principal is identified as such in the conveyance or in the form of signature or acknowledgment. The burden of proving the authority of any such agent shall be upon the person asserting the same.

(2)Unless a different authorization is recorded under sub.

(3)or is contained in the corporation’s articles of incorporation, any one officer of a private corporation is authorized to sign conveyances in the corporate name. The absence of a corporate seal shall not invalidate any corporate conveyance. Public corporations shall authorize and execute conveyances as provided by law.