Idaho State Statutes - Idaho Attorney Directory

(1) A nonprofit
association may execute and record a statement of authority to transfer an
estate or interest in real property in the name of the nonprofit association.
(2) An estate or interest in real property in the name of a nonprofit
association may be transferred by a person so authorized in a statement of
authority recorded in the office in the county in which a transfer of the
property would be recorded.
(3) A statement of authority must set forth:
(a) The name of the nonprofit association;
(b) The address in this state, including the street address, if any, of
the nonprofit association, or, if the nonprofit association does not have
an address in this state, its address out of state;
(c) The name or title of a person authorized to transfer an estate or
interest in real property held in the name of the nonprofit association;
and
(d) The action, procedure or vote of the nonprofit association which
authorizes the person to transfer the real property of the nonprofit
association and which authorizes the person to execute the statement of
authority.
(4) A statement of authority must be executed in the same manner as a
deed by a person who is not the person authorized to transfer the estate or
interest.
(5) The county recorder may collect a fee for recording the statement of
authority in the amount authorized for recording a transfer of real property.
(6) An amendment, including a cancellation, of a statement of authority
must meet the requirements for execution and recording of an original
statement. Unless cancelled earlier, a recorded statement of authority or its
most recent amendment is cancelled by operation of law five (5) years after
the date of the most recent recording.
(7) If the record title to real property is in the name of a nonprofit
association and the statement of authority is recorded in the office of the
county in which a transfer of real property would be recorded, the authority
of the person named in a statement of authority is conclusive in favor of a
person who gives value without notice that the person lacks authority.

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