Below is information about CORPORATE OFFICERS APPARENT AUTHORITY from a variety of sources. Please take a look at the materials that our team has selected for you.
https://corpgov.law.harvard.edu/2017/02/24/corporate-officers-as-agents/
https://www.law.cornell.edu/wex/apparent_authority
Apparent authority is the power of an agent to act on behalf of a principal, even though not expressly or impliedly granted. This power arises only if a third party reasonably infers, from the principal's conduct, that the principal granted such power to the agent.
https://www.cptitle.com/how-to-verify-that-a-corporate-officer-has-legal-authority/
Here are some quick tips for verifying that a corporate officer has legal authority. Review and examine the following to determine if the officers signing has express corporate authority to convey the real property on behalf of the corporation: Certificate of Good Standing from Secretary of State;
https://scholarlycommons.law.wlu.edu/cgi/viewcontent.cgi?article=4551&context=wlulr
Corporate officers, a cohort of agents situated internally within their principals, warrant no different treatment from externally-situated agents. To be sure, some corporate officers (especially ones very high in the hierarchy) occupy positions that require exercising, not specialized or technical expertise, but more
https://www.nisarlaw.com/blog/2015/september/how-apparent-authority-can-bind-you-to-a-contrac/
This means if your own actions—or “lack of ordinary care,” in the Second Circuit's words—lead a third party to believe an agent is authorized to act on your behalf, you are responsible for any transaction completed by the agent. The third party must prove it acted on a “reasonable belief” that the agent had apparent authority.
https://www.potelawfirm.com/blog/2019/understanding-apparent-authority/
Apparent Authority What is less commonly known is that an agent – or even former agent – of a business can bind that business when that person has only apparent authority to speak or act on behalf of that business. FN4 Apparent authority arises when a third party reasonably believes that someone is an agent of the business.
https://www.walkermorris.co.uk/publications/corporate-matters-january-2014/directors-actual-and-apparent-authority-to-bind-company/
Directors’ actual and apparent authority to bind company Print publication 29/01/2014 Parties to a contract need to be confident that the directors of the company they are dealing with have authority to bind the company. Authority may be “actual” or “apparent”.
https://fullertonlaw.com/newsletters-published/authority-to-sign-actual-amp-apparent
The law of "apparent authority" explains why a trade creditor is usually satisfied with a signature from the manager or managing member or president and explains why most people would probably accept just "member" or just "vice president." But you cannot be certain without seeing the operating agreement or bylaws and a resolution.
https://ir.lawnet.fordham.edu/cgi/viewcontent.cgi?article=1258&context=faculty_scholarship
Powers of Corporate Officers: Aeed for a Statutory Definition, 61 HARV. L. REV. 867, 870-71 (1948), definitely concludes that there is an inherent power distinct from traditional agency implied or apparent authority, hut confesses that the character of this power is obscure. 4298 N.Y. 483, 84 N.E.2d 790 (1949).
https://www.worksafebc.com/en/resources/law-policy/board-of-directors-decisions/bod-2019-01-31-01-bank-signing-authorities?lang=en&direct
2. the following WorkSafeBC officers and employees (the “ Authorized Person(s) ”) are authorized to do any one or more of the following on behalf of WorkSafeBC to the extent indicated in the table in Schedule A: (a) to open or close any deposit or other account(s) with the Bank (the “ Accounts ”) and to sign authorization, set-up or other
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