Section 115. 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.
Notes of Decisions
Cited in
5
cases (
1 in the last 5 years), 1981–2023 · leading case:
Perkins v. Rich, 415 N.E.2d 895 (Mass. App. Ct. 1981).
Perkins v. Rich, 415 N.E.2d 895 (Mass. App. Ct. 1981).
“See G. L. c. 156B, § 115. The banks, however, took no action either before the master or the trial court to contest this finding (or any finding of the master), nor did they move to recommit for additional findings.”
Dolan v. Airpark, Inc.(No. 1), 513 N.E.2d 213 (Mass. App. Ct. 1987).
“The Claims Against the Loves Because of the provisions of G. L. c. 156B, § 115, as amended by St. 1972, c.”
Rodolakis v. Chertoff (In re 1236 Dev. Corp.), 177 B.R. 2 (D. Mass. 1995).
“; see Mass.Gen.L.ch. 156B, § 115. An attorney may wish to record evidence of a signer’s authority to execute a conveyance on behalf of a corporation, but this would merely be a courtesy, and failure to do so would not result in an invalid conveyance.”
Pena Real Est. Investments, LLC v. One Hardt, LLC, No. 1:22-cv-11544 (D. Mass. June 14, 2023).
· cites it 2× “See Mass. Gen. Laws c. 156B, § 115 (stating that “[a]ny 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…shall be binding on the…”
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