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Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY

Chapter 442

previous next Effective - 28 Aug 1939bottom

  442.060.  Private or public corporations may convey real estate. — Any corporation, private or public, or otherwise organized, authorized to hold real estate, may convey the same by deed, sealed with the common seal of such corporation, and signed by the president or presiding member or trustee thereof; or any other officer, who by virtue of holding any designated office, the incumbent of which is authorized to perform such duties on behalf of the corporation, by resolution of its governing board, which resolution may contain a general authority to convey or may be limited to a specific case or to any class of cases; and such deed, when acknowledged or proved, as other deeds of real estate are by law required to be acknowledged or proved, shall be recorded in the proper office and have like effect as other deeds; provided, however, that nothing in this section contained shall be construed to grant any power not heretofore granted to any municipal corporation or to any county or to any political subdivision of this state.

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(RSMo 1939 § 3404)

Prior revisions: 1929 § 3017; 1919 § 2177; 1909 § 2790

CROSS REFERENCES:

Banks and trust companies, power to take and hold real estate, 362.165

Ultra vires conveyance by corporation, effect, 351.395


---- end of effective   28 Aug 1939 ----

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