The _____ binds the corporation on receipts, checks, and endorsements.

Question

Quizplus · Accepted Answer

The treasurer has charge of the funds of the corporation. He or she has power to pay out corporate funds for proper purposes and is the person who receives payments to the corporation. The treasurer binds the corporation on receipts, checks, and endorsements. However, the treasurer does not have authority by virtue of the office alone to borrow money or issue negotiable instruments.

The _____ Binds the Corporation on Receipts, Checks, and Endorsements