Printable Format58-2318. Execution of assignments and releases of mortgages by corporations. All assignments and releases of mortgages by a corporation shall be valid when executed by the president, vice-president, secretary, cashier, treasurer or any other officer of such corporation so authorized by corporate resolution. Any assignment or release of a mortgage by a corporation which was executed on or after March 8, 1974, and prior to the effective date of this act, by one of the corporate officers designated herein, with or without attestation by the corporate seal, is hereby declared to be a legal and valid act of such corporation.
History: L. 1911, ch. 225, § 1; R.S. 1923, 67-318; L. 1974, ch. 234, § 1; L. 1975, ch. 293, § 1; L. 1994, ch. 250, § 2; July 1.
Attorney General's Opinions:
Mortgage registration and intangibles; mortgage registration; instruments subject thereto. 87-162.
Mortgage registration fee; exemptions; refinancing mortgage assigned to parent corporation. 93-156.
CASE ANNOTATIONS
1. Improper release of mortgage held valid in form under statute. Trees v. Johnson, 130 K. 681, 683, 288 P. 587.
2. Cited in holding mortgage bond did not constitute assignment of mortgage. Shawnee County Comm'rs v. Cook, 141 K. 677, 681, 42 P.2d 568.