Missouri Laws 442.060 – Private or public corporations may convey real estate
Terms Used In Missouri Laws 442.060
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Heretofore: means any time previous to the day when the statute containing it takes effect. See Missouri Laws 1.020
- real estate: shall be construed as coextensive in meaning with lands, tenements and hereditaments, and as embracing all chattels real and as including a manufactured home as defined in section 700. See Missouri Laws 442.010
- State: when applied to any of the United States, includes the District of Columbia and the territories, and the words "United States" includes such district and territories. See Missouri Laws 1.020
- Trustee: A person or institution holding and administering property in trust.
Any corporation, private or public, or otherwise organized, authorized to hold real estate, may convey the same by deed, sealed with the common seal of such corporation, and signed by the president or presiding member or trustee thereof; or any other officer, who by virtue of holding any designated office, the incumbent of which is authorized to perform such duties on behalf of the corporation, by resolution of its governing board, which resolution may contain a general authority to convey or may be limited to a specific case or to any class of cases; and such deed, when acknowledged or proved, as other deeds of real estate are by law required to be acknowledged or proved, shall be recorded in the proper office and have like effect as other deeds; provided, however, that nothing in this section contained shall be construed to grant any power not heretofore granted to any municipal corporation or to any county or to any political subdivision of this state.