Property Ownership
In Kentucky, when real property is owned by a corporation, the authority to sell the property must come from:
AAny corporate officer
BThe board of directors, as evidenced by a corporate resolution✓ Correct
CThe majority shareholders at an annual meeting
DThe Kentucky Secretary of State
Explanation
When a corporation sells real property, the authority must be granted by the board of directors through a corporate resolution. The person signing the deed must have board-authorized authority to act on behalf of the corporation.
Related Kentucky Property Ownership Questions
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