35-2-444. Officers' authority to execute documents. A 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 a lack of authority of the signing officers in the absence of actual knowledge on the part of the other person that the signing officers did not have authority to execute the contract or other instrument if it is signed by:
(1) the presiding officer of the board and the president; or
(2) one person from each of the following:
(a) the presiding officer of the board or the president; and
(b) a vice president, the secretary, treasurer, or executive director.
History: En. Sec. 100, Ch. 411, L. 1991.