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:

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Terms Used In Montana Code 35-2-444

  • Contract: A legal written agreement that becomes binding when signed.
  • 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.
  • Corporation: means a public benefit corporation, mutual benefit corporation, or religious corporation. See Montana Code 35-2-114
  • in writing: means :

    (a)with respect to internal communications, any record in tangible or electronic form or any form allowed under Title 30, chapter 18, part 1; and

    (b)with respect to external communications, tangible records or any form authorized by the external party. See Montana Code 35-2-114

  • Person: includes any individual or entity. See Montana Code 35-2-114
  • Presiding officer: A majority-party Senator who presides over the Senate and is charged with maintaining order and decorum, recognizing Members to speak, and interpreting the Senate's rules, practices and precedents.
  • Secretary: means the corporate officer to whom the board of directors has delegated responsibility under 35-2-439(2) for custody of the minutes of the directors' and members' meetings and for authenticating the records of the corporation. See Montana Code 35-2-114
  • signed: means , with present intent to authenticate or adopt a record:

    (a)to execute or adopt a tangible symbol; or

    (b)to attach to or logically associate with the record an electronic sound, symbol, or process. See Montana Code 35-2-114

(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.