47-10-05.1. Presumption of corporate authority of officers - Application

47-10-05.1. Presumption of corporate authority of officers - Application

An officer of any foreign or domestic corporation, or a manager of any foreign or domestic

limited liability company, is presumed to have the power and authority to execute and

acknowledge, in its behalf, any instrument granting, conveying, or otherwise affecting any

interest in or lien upon any property of the corporation or limited liability company, including

contracts, mortgages, deeds, plats, replats, easements, rights of way, options, dedications,

restrictions, releases, and satisfactions. Any such instrument executed by an officer of the

corporation or limited liability company prior to July 1, 1983, and otherwise proper, is valid and

effective.