2012 Idaho Statutes
Title 53 - PARTNERSHIP
Chapter 7 - UNIFORM UNINCORPORATED NONPROFIT ASSOCIATION ACT
Section 53-705 - STATEMENT OF AUTHORITY AS TO REAL PROPERTY.
(2) An estate or interest in real property in the name of a nonprofit association may be transferred by a person so authorized in a statement of authority recorded in the office in the county in which a transfer of the property would be recorded.
(3) A statement of authority must set forth:
(4) A statement of authority must be executed in the same manner as a deed by a person who is not the person authorized to transfer the estate or interest.
(5) The county recorder may collect a fee for recording the statement of authority in the amount authorized for recording a transfer of real property.
(6) An amendment, including a cancellation, of a statement of authority must meet the requirements for execution and recording of an original statement. Unless cancelled earlier, a recorded statement of authority or its most recent amendment is cancelled by operation of law five (5) years after the date of the most recent recording.
(7) If the record title to real property is in the name of a nonprofit association and the statement of authority is recorded in the office of the county in which a transfer of real property would be recorded, the authority of the person named in a statement of authority is conclusive in favor of a person who gives value without notice that the person lacks authority.
History:
[53-705, added 1993, ch. 282, sec. 1, p. 953.]
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