HRS §414D-158
When a company's signed papers are still valid
This section says that a contract signed by certain company officers is still valid even if those officers lacked the authority to sign it, as long as the other party did not know about the lack of authority. The contract must be signed by two specific officers, or by one from each of two listed groups.
businesses
The statute, as written — Officers' authority to execute documents
Any contract or other instrument in writing executed or entered into between a corporation and any other person is not invalidated as to the corporation by any lack of authority of the signing officers in the absence of actual knowledge on the part of the other person that the signing officers had no authority to execute the contract or other instrument if it is signed by any two officers in category 1 below, or by one officer in category 1 below and one officer in category 2 below. (1) Category 1: The presiding officer of the board and the president; and (2) Category 2: A vice president, the secretary, treasurer, and executive director.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.