74 Execution of instruments by or on behalf of corporations

74  Execution of instruments by or on behalf of corporations

[(1)     In favour of a purchaser an instrument shall be deemed to have been duly executed by a corporation aggregate if a seal purporting to be the corporation's seal purports to be affixed to the instrument in the presence of and attested by—

(a)     two members of the board of directors, council or other governing body of the corporation, or

(b)     one such member and the clerk, secretary or other permanent officer of the corporation or his deputy.]

[(1A)     Subsection (1) of this section applies in the case of an instrument purporting to have been executed by a corporation aggregate in the name or on behalf of another person whether or not that person is also a corporation aggregate.]

[(1B)     For the purposes of subsection (1) of this section,

Powered by Lexis+®

Popular documents