Arkansas Statutes
§ 23-37-510 — Validity of release or acquittance by officers of corporation or association
Arkansas·Title 23
A release or acquittance signed by either the president or the secretary of any corporation or any unincorporated association, whether foreign, domestic, charitable, public, or private, or signed by any person purporting to be the president or secretary of the corporation, who opens a savings account in the name of the corporation, shall constitute a valid and sufficient release of any association to the extent of any payment or delivery of rights or property made by the association to a corporation or unincorporated association upon the written direction of the president or secretary unless there has been filed with the association a copy of a resolution of the board of directors or other governing body of the corporation or unincorporated association designating other officers or agents
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Arkansas § 23-37-510 (Validity of release or acquittance by officers of corporation or association) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Acts 1963, No. 227, § 45; A.S.A. 1947, § 67-1845.
Nearby Sections
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