(a) The managerial official or officials of a domestic entity authorized by the governing documents of the entity to sign certificated ownership interests of the entity must sign any certificate representing an ownership interest in the entity.
(b) A certificated ownership interest that contains the manual or facsimile signature of a person who is no longer a managerial official of a domestic entity when the
certificate is issued may be issued by the entity in the same manner and with the same effect as if the person had remained a managerial official.
History: (Act 2009-513, p. 967, §22.)