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PAG LIN 1 1 Section 1. Section 558.2, Code 1995, is amended to read as 1 2 follows: 1 3 558.2 CORPORATION HAVING SEAL. 1 4 In the execution of any written instrument conveying, 1 5 encumbering, or affecting real estate by a corporation that 1 6 has adopted a corporate seal, the seal of such corporation 1 7shallmay but need not be attached or affixed to such written 1 8 instrument. 1 9 Sec. 2. Section 558.3, Code 1995, is amended to read as 1 10 follows: 1 11 558.3 CORPORATION NOT HAVING SEAL. 1 12 If the corporation has not adopted a corporate seal, such 1 13 factshallmay but need not be stated in such written 1 14 instrument. 1 15 Sec. 3. Section 558.39, subsection 3, Code 1995, is 1 16 amended to read as follows: 1 17 3. In the case of corporations or joint-stock 1 18 associations: 1 19 On this ... day of ....., A.D. 19.., before me, a ........ 1 20 (Insert title of acknowledging officer) in and for said 1 21 county, personally appeared ......., to me personally known, 1 22 who being by me duly (sworn or affirmed) did say that that 1 23 person is ....... (Insert title of executing officer) of said 1 24 (corporation or association), that (the seal affixed to said1 25instrument is the seal of said or no seal has been procured by1 26the said) (corporation or association)and that said 1 27 instrument was signedand sealedon behalf of the said 1 28 (corporation or association) by authority of its board of 1 29 (directors or trustees) and the said ........ acknowledged the 1 30 execution of said instrument to be the voluntary act and deed 1 31 of said (corporation or association) by it voluntarily 1 32 executed. 1 33 Sec. 4. Section 558.39, subsection 3A, Code 1995, is 1 34 amended to read as follows: 1 35 3A. In the case of limited liability companies: 2 1 On this ... day of ....., A.D. 19.., before me, a ........ 2 2 (Insert title of acknowledging officer) in and for said 2 3 county, personally appeared ......., to me personally known, 2 4 who being by me duly (sworn or affirmed) did say that that 2 5 person is ....... (Insert title of executing member) of said 2 6 (limited liability company), that (the seal affixed to said2 7instrument is the seal of said or no seal has been procured by2 8the said) (limited liability company)and that said instrument 2 9 was signedand sealedon behalf of the said (limited liability 2 10 company) by authority of its managers and the said ........ 2 11 acknowledged the execution of said instrument to be the 2 12 voluntary act and deed of said (limited liability company) by 2 13 it voluntarily executed. 2 14 Sec. 5. Section 558.39, subsection 6, Code 1995, is 2 15 amended to read as follows: 2 16 6. In the case of a corporate fiduciary: 2 17 On this ... day of ......, 19.., before me, the 2 18 undersigned, a Notary Public in and for the State of Iowa, 2 19 personally appeared ...... and ......, to me personally known, 2 20 who, being by me duly sworn, did say that they are the 2 21 ........ and ........, respectively, of the corporation 2 22 executing the foregoing instrument;that (no seal has been2 23procured by) (the seal affixed thereto is the seal of) the2 24corporation;that the instrument was signed(and sealed)on 2 25 behalf of the corporation by authority of its Board of 2 26 Directors; that ...... and ...... acknowledged the execution 2 27 of the instrument to be the voluntary act and deed of the 2 28 corporation and of the fiduciary, by it, by them and as the 2 29 fiduciary voluntarily executed. 2 30 Sec. 6. Section 558.39, subsection 7, Code 1995, is 2 31 amended to read as follows: 2 32 7. In the case of a limited partnership with corporate 2 33 general partner: 2 34 On this ... day of ......, 19.., before me, the 2 35 undersigned, a Notary Public in and for the State of Iowa, 3 1 personally appeared ........, to me personally known, who 3 2 being by me duly sworn did say that the person is the ........ 3 3 of ........, the General Partner of ........, a ...... limited 3 4 partnership, executing the foregoing instrument,that no seal3 5has been procured by the corporation;that the instrument was 3 6 signed on behalf of the corporation as General Partner of 3 7 ........, a ...... limited partnership, by authority of the 3 8 corporation's Board of Directors; and that ........ as that 3 9 officer acknowledged execution of the instrument to be the 3 10 voluntary act and deed of the corporation and limited 3 11 partnership by it and by the officer voluntarily executed. 3 12 Sec. 7. Section 558.39, subsection 9, Code 1995, is 3 13 amended to read as follows: 3 14 9. In the case of joint ventures: 3 15 On this ... day of ......, 19.., before me, the 3 16 undersigned, a Notary Public in and for the State of Iowa, 3 17 personally appeared ...... and ......, to me personally 3 18 known, who, being by me duly sworn, did say that they are the 3 19 ...... and ......, respectively, of ........, an Iowa 3 20 corporation, a joint venturer of ........, a joint venture, 3 21 executing the foregoing instrument,that (no seal has been3 22procured by) (the seal affixed thereto is the seal of) the3 23corporation;that the instrument was signed(and sealed)on 3 24 behalf of the corporation as a joint venturer of ........, a 3 25 joint venture, by authority of its Board of Directors; and 3 26 that ...... and ......, as such officers, acknowledged the 3 27 execution of the instrument to be the voluntary act and deed 3 28 of the corporation and joint venture, by the corporation and 3 29 joint venture and by them voluntarily executed. 3 30 Sec. 8. Section 558.39, subsection 13, Code 1995, is 3 31 amended to read as follows: 3 32 13. In the case of corporations or national banking 3 33 associations acting as custodians pursuant to chapter 565B or 3 34 any other Uniform Transfers to Minors Act: 3 35 On this ... day of ......, 19.., before me, the 4 1 undersigned, a Notary Public in and for said State, personally 4 2 appeared ...... and ......, to me personally known, who, by me 4 3 duly sworn, did say that they are the ...... and ......, 4 4 respectively, of the Corporation executing the foregoing 4 5 instrument;that (no seal has been procured by) (the seal4 6affixed thereto is the seal of) the corporation;that the 4 7 instrument was signed(and sealed)on behalf of the 4 8 Corporation by authority of its Board of Directors; that 4 9 ...... and ...... acknowledged the execution of the 4 10 instrument as custodian of ........ (name of minor), under the 4 11 ........ (State) Uniform Transfers to Minors Act, to be the 4 12 voluntary act and deed of the person and of the custodian. 4 13 (In all cases add signature and title of the officer taking 4 14 the acknowledgment, and strike from between the parentheses 4 15 the word or clause not used, as the case may be.) 4 16 Sec. 9. Section 589.6, Code 1995, is amended to read as 4 17 follows: 4 18 589.6 INSTRUMENTS AFFECTING REAL ESTATE. 4 19 All instruments in writing executed by a corporation before 4 20 July 1, 1996, which are more thanten years earlierone year 4 21 old, conveying, encumbering, or affecting real estate, 4 22 including releases, satisfactions of mortgages, judgments, or 4 23 any other liens by entry of the release or satisfaction upon 4 24 the page where the lien appears recorded or entered, where the 4 25 corporate seal of the corporation has not been affixed or 4 26 attached, and which are otherwise legally and properly 4 27 executed, are legal, valid, and binding as though the 4 28 corporate seal had been attached or affixed. 4 29 SF 2422 4 30 mk/cc/26
Text: SF02421 Text: SF02423 Text: SF02400 - SF02499 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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