There is a newer version of the Idaho Code and Statutes
2014 Idaho Statutes
Title 30 - CORPORATIONS
Chapter 3 - IDAHO NONPROFIT CORPORATION ACT
Section 30-3-87 - OFFICERS' AUTHORITY TO EXECUTE DOCUMENTS.
ID Code § 30-3-87 (2014) What's This?
30-3-87. Officers' authority to execute documents. Any 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 any lack of authority of the signing officers in the absence of actual knowledge on the part of the other person that the signing officers had no authority to execute the contract or other instrument if it is signed by any two (2) officers in category 1 below or by one (1) officer in category 1 below and one (1) officer in category 2 below.
Category 1 - The presiding officer of the board and the president.
Category 2 - A vice president, the secretary, treasurer and executive director.
History:
[30-3-87, added 1993, ch. 220, sec. 2, p. 720.]
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