Section 163: Presumption as to deeds of corporation.

1 In favour of a purchaser a deed shall be deemed to have been duly executed by a body corporate if its seal is affixed to the deed in the presence of and attested by its clerk, secretary or other permanent officer or his deputy, and a member of the board of directors, council or other governing body of the corporation.

2 Where a seal purporting to be the seal of a corporation has been affixed to a deed, attested by persons purporting to be persons holding such offices as are mentioned in subsection (1) of this section, the deed shall be deemed to have been executed in accordance with the requirements of this section, and to have taken effect accordingly.