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58-2318. Execution of assignments and releases of mortgages by corporations.

58-2318

Chapter 58.--PERSONAL AND REAL PROPERTY
Part 6.--MISCELLANEOUS PROVISIONS
Article 23.--MORTGAGES OF REAL PROPERTY

      58-2318.   Execution of assignments and releases of mortgages bycorporations.All assignments and releases of mortgages by a corporation shall bevalid when executed by the president, vice-president, secretary, cashier,treasurer or any other officer of such corporation soauthorized bycorporate resolution. Any assignment orrelease of a mortgage by acorporation which was executed on or after March 8, 1974, and prior to theeffective date of this act, by one of the corporate officers designatedherein, with or without attestation by the corporate seal, is herebydeclared to be a legal and valid act of such corporation.

      History:   L. 1911, ch. 225, § 1; R.S. 1923, 67-318;L. 1974, ch. 234, § 1; L. 1975, ch. 293, § 1;L. 1994, ch. 250, § 2; July 1.

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