Nebraska § 21-1995 Officers' authority to execute documents

Nebraska Statutes

§ 21-1995 — Officers' authority to execute documents

Nebraska § 21-1995

Ch. 21Corporations and Other Companies

This text of Nebraska § 21-1995 (Officers' authority to execute documents) is published on Counsel Stack Legal Research, covering Nebraska primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Neb. Rev. Stat. § 21-1995 (2026).

Text

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 officers in Category 1 or by one officer in Category 1 and one officer in Category 2. Category 1 and Category 2 are defined as:
Category 1 - The presiding officer of the board and the president; and
Category 2 - A vice president, the secretary, treasurer and executive director.

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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 officers in Category 1 or by one officer in Category 1 and one officer in Category 2. Category 1 and Category 2 are defined as:
Category 1 - The presiding officer of the board and the president; and
Category 2 - A vice president, the secretary, treasurer and executive director.