§ 2-415. Holding more than one office

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(a) Permitted. -- If permitted by the bylaws, a person may hold more than one office in a corporation but may not serve concurrently as both president and vice president of the same corporation.

(b) Execution of documents. -- A person who holds more than one office in a corporation may not act in more than one capacity to execute, acknowledge, or verify an instrument required by law to be executed, acknowledged, or verified by more than one officer.

HISTORY: An. Code 1957, art. 23, § 60; 1975, ch. 311, § 2; 1999, ch. 34, § 8.

                    
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