16-7-8. Execution of corporate instruments — Authority of agents — Revocation of authority.
- (1) All deeds and other instruments of writing shall be:
- (a) made in the name of the corporation;
- (b) signed by:
- (i) the person representing the corporation in the official capacity designated in the articles of incorporation; or
- (ii) a duly authorized agent or agents designated and named in a certificate filed by the corporation with the Division of Corporations and Commercial Code.
- (2) The authority of an agent or agents designated pursuant to Subsection (1)(b)(ii) shall continue until revoked, notwithstanding the subsequent death, resignation, removal, incapacity, or incompetency of:
- (a) the person who executed the original articles of incorporation; or
- (b) the successor in office to the person described in Subsection (2)(a).
- (3) A corporation sole designating an agent or agents to sign deeds and instruments of writing by certificate may revoke such authority by filing a notice of revocation of authority with the Division of Corporations and Commercial Code.
Amended by Chapter 16, 2004 General Session