442.060. Private or public corporations may convey real estate.
Private or public corporations may convey real estate.
442.060. Any corporation, private or public, or otherwiseorganized, authorized to hold real estate, may convey the same bydeed, sealed with the common seal of such corporation, and signedby the president or presiding member or trustee thereof; or anyother officer, who by virtue of holding any designated office,the incumbent of which is authorized to perform such duties onbehalf of the corporation, by resolution of its governing board,which resolution may contain a general authority to convey or maybe limited to a specific case or to any class of cases; and suchdeed, when acknowledged or proved, as other deeds of real estateare by law required to be acknowledged or proved, shall berecorded in the proper office and have like effect as otherdeeds; provided, however, that nothing in this section containedshall be construed to grant any power not heretofore granted toany municipal corporation or to any county or to any politicalsubdivision of this state.
(RSMo 1939 § 3404)Prior revisions: 1929 § 3017; 1919 § 2177; 1909 § 2790
CROSS REFERENCES:
Banks and trust companies, power to take and hold real estate, RSMo 362.165
Ultra vires conveyance by corporation, effect, RSMo 351.395