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  • PART I ADMINISTRATION OF THE GOVERNMENT
  • TITLE XXII CORPORATIONS
  • CHAPTER 155 GENERAL PROVISIONS RELATIVE TO CORPORATIONS
  • Section 8 Conveyance of land

Section 8. A corporation may convey land to which it has a legal title. Any recordable instrument purporting to affect an interest in real estate, executed in the name of a corporation by the president or a vice president and the treasurer or an assistant treasurer, who may be one and the same person, shall be binding on the corporation in favor of a purchaser or other person relying in good faith on such instrument notwithstanding inconsistent provisions of the articles of organization, certificate of incorporation, charter, special act of incorporation, constitution, by-laws, resolutions or votes of the corporation. This section shall apply to foreign corporations, as defined in subsection (a) of section 1.40 of subdivision D of Part 1 of chapter 156D, as well as to corporations included within section 1.