§ 17-32-106 — Statement of authority as to real property

(a) A decentralized unincorporated nonprofit association
shall execute and record a statement of authority to transfer an
estate or interest in real property in the name of the nonprofit
association.
(b) An estate or interest in real property in the name of
a decentralized unincorporated nonprofit association may be
transferred by a person so authorized in a statement of
authority recorded in the office of the county clerk in which a
transfer of the property will be recorded.
(c) A statement of authority shall set forth:
(i) The name of the decentralized unincorporated
nonprofit association;
(ii) The address in this state, including the street
address, if any, of the nonprofit association. If the nonprofit
association does not have an address in this state, the
statement of authority shall include the nonprofit association's
address out of state;
(iii) The name or title of the person authorized to
transfer an estate or interest in real property held in the name
of the nonprofit association; and
(iv) The action, procedure or vote of the
decentralized unincorporated nonprofit association which
authorizes the person to transfer the real property of the
nonprofit association and which authorizes the person to execute
the statement of authority.
(d) A statement of authority shall be executed in the same
manner as a deed. The person who executes the statement of
authority shall not be the named person in the statement of
authority authorized to transfer the estate or interest.
(e) The filing officer may collect a fee for recording the
statement of authority in the amount authorized for recording a
transfer of real property.
(f) An amendment, including cancellation, of a statement
of authority shall meet the requirements for execution and
recording of an original statement. Unless canceled earlier, a
recorded statement of authority or its most recent amendment is
canceled by operation of law five (5) years after the date of
the most recent recording.
(g) If the record title to the real property is in the
name of a decentralized unincorporated nonprofit association and
the statement of authority is recorded in the office of the
county clerk in which a transfer of real property would be
recorded, the authority of the person named in a statement of
authority is conclusive in favor of a transferee who gives value
without notice that the person named in the statement of
authority lacks authority.