30-30-625. 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 of this section or by one (1) officer in category 1 of this section and one (1) officer in category 2 of this section.
Category 1
— The presiding officer of the board and the president.
Category 2
— A vice president, the secretary, treasurer
and executive director.
History:
[30-30-625, added 2015, ch. 243, sec. 79, p. 991.]
Structure Idaho Code
Chapter 30 - IDAHO NONPROFIT CORPORATION ACT
Part 6 - DIRECTORS AND OFFICERS
Section 30-30-601 - REQUIREMENT FOR AND DUTIES OF BOARD.
Section 30-30-602 - QUALIFICATIONS OF DIRECTORS.
Section 30-30-603 - NUMBER OF DIRECTORS.
Section 30-30-604 - ELECTION, DESIGNATION AND APPOINTMENT OF DIRECTORS.
Section 30-30-605 - TERMS OF DIRECTORS GENERALLY.
Section 30-30-606 - STAGGERED TERMS FOR DIRECTORS.
Section 30-30-607 - RESIGNATION OF DIRECTORS.
Section 30-30-608 - REMOVAL OF DIRECTORS ELECTED BY MEMBERS OR DIRECTORS.
Section 30-30-609 - REMOVAL OF DESIGNATED OR APPOINTED DIRECTORS.
Section 30-30-610 - VACANCY ON BOARD.
Section 30-30-611 - COMPENSATION OF DIRECTORS.
Section 30-30-612 - REGULAR AND SPECIAL MEETINGS.
Section 30-30-613 - ACTION WITHOUT MEETING.
Section 30-30-614 - CALL AND NOTICE OF MEETINGS.
Section 30-30-615 - WAIVER OF NOTICE.
Section 30-30-616 - QUORUM AND VOTING.
Section 30-30-617 - COMMITTEES OF THE BOARD.
Section 30-30-618 - GENERAL STANDARDS FOR DIRECTORS.
Section 30-30-619 - DIRECTOR — CONFLICT OF INTEREST.
Section 30-30-620 - LOANS TO OR GUARANTEES FOR DIRECTORS AND OFFICERS.
Section 30-30-621 - REQUIRED OFFICERS.
Section 30-30-622 - DUTIES AND AUTHORITY OF OFFICERS.
Section 30-30-623 - STANDARDS OF CONDUCT FOR OFFICERS.
Section 30-30-624 - RESIGNATION AND REMOVAL OF OFFICERS.
Section 30-30-625 - OFFICERS’ AUTHORITY TO EXECUTE DOCUMENTS.
Section 30-30-626 - INDEMNIFICATION OF OFFICERS, DIRECTORS, EMPLOYEES AND AGENTS.