[§414D-158]  Officers' authority to execute
documents.  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 below, or by one officer in category 1 below
and one officer in category 2 below.



(1)  Category 1:  The presiding officer of the board
and the president; and



(2)  Category 2:  A vice president, the secretary,
treasurer, and executive director. [L 2001, c 105, pt of §1]