Part 6 — Management and Administration Division 1 Membership
165 Division 12 Contracts Powers of company to control
(a) any contract that if made between private persons would be
by law required to be in writing, and if made according to
the law of Alberta or of Canada to be under seal, may be
made on behalf of the company in writing under the
common seal of the company, and may in the same manner
be varied or discharged;
(b) any contract that if made between private persons would be
by law required to be in writing and signed by the parties to
be charged therewith, may be made on behalf of the
company in writing signed by any person acting under its
authority, express or implied, and may in the same manner
be varied or discharged;
(c) any contract that if made between private persons would by
law be valid although made by parol only, and not reduced
into writing, may be made by parol on behalf of the
company by any person acting under its authority, express
or implied, and may in the same manner be varied or
discharged.
(2) All contracts made according to this section are effectual in
law, and bind the company and its successors and all other parties
thereto, their heirs, executors, or administrators, as the case may be.
(3) A bill of exchange or promissory note shall be deemed to have
been made, accepted, or endorsed on behalf of a company if made,
accepted, or endorsed in the name of, or by or on behalf or on
account of, the company by any person acting under its authority.
RSA 1980 cC-20 s165