6Seal and execution of documents

6 Seal and execution of documents

6 Seal and execution of documents

(1) It shall be lawful for the executive committee at any time to design and to change or alter the common seal of the corporation. Such seal shall be in the custody of the secretary of the Settlement and shall not be affixed to any document except pursuant to a resolution of the executive committee.

The execution of any document to which the common seal is affixed shall not be complete without the signature of two members of the executive committee:

Provided that it shall not be necessary to require such seal to be affixed as evidence of the appointment by the said corporation of an attorney, solicitor, or proctor in or for the prosecution or defence of any action, suit, or other proceeding.

(2)

(a) Every instrument bearing what purports to be the common seal of the corporation and purporting to be executed in accordance with the provisions of subsection one of this section shall, in favour of a person claiming for value and in good faith under or through that instrument, be conclusively presumed to have been duly executed by the corporation.

(b) Section 51A of the Conveyancing Act 1919, as amended by subsequent Acts, does not apply to or in respect of any instrument executed by the corporation.