MARVIN MANDEL, Governor

1511

sale, lease, exchange and transfer of assets"
since articles of transfer include, by
definition, all of these documents.

The only other changes are in style.

1-302. ALTERNATIVE TO ACKNOWLEDGMENT AND VERIFICATION.

(A)   ALTERNATIVE TO ACKNOWLEDGMENT AND VERIFICATION.

ANY REQUIREMENT IN THIS ARTICLE THAT A DOCUMENT BE
ACKNOWLEDGED OR VERIFIED UNDER OATH IS SATISFIED IF THE
DOCUMENT OR A SIGNED CERTIFICATE ATTACHED TO AND MADE A
PART OF IT CONTAINS A STATEMENT TO THE EFFECT:

(1) EITHER:

(1)   THAT THE INDIVIDUAL SIGNING THE DOCUMENT
ACKNOWLEDGES IT TO BE HIS ACT; OR

(II) IF SIGNED FOR A CORPORATION OR OTHER
ENTITY, THAT THE INDIVIDUAL SIGNING THE DOCUMENT
ACKNOWLEDGES IT TO BE THE ACT OF THAT ENTITY;

(2)   IN THE CASE OF ARTICLES OF INCORPORATION,
THAT THE INCORPORATOR ACKNOWLEDGES THE ARTICLES TO BE
HIS ACT; AND

(3)    AS TO ALL OTHER MATTERS OR FACTS
REQUIRED TO BE VERIFIED UNDER OATH, THAT, TO THE BEST OF
THE KNOWLEDGE, INFORMATION, AND BELIEF OF THE INDIVIDUAL
SIGNING THE DOCUMENT, THESE MATTERS AND FACTS ARE TRUE
IN ALL MATERIAL RESPECTS, AND THAT THE STATEMENT IS MADE
UNDER THE PENALTIES FOR PERJURY.

(B)   EFFECT OF ACKNOWLEDGMENT AND VERIFICATION UNDER
THIS SECTION.

IF THE PROCEDURES PROVIDED IN THIS SECTION ARE
USED:

(1)   THE STATEMENT OF ACKNOWLEDGMENT HAS THE
SAME LEGAL EFFECT AS AN ACKNOWLEDGMENT MADE BEFORE A
PERSON AUTHORIZED TO TAKE ACKNOWLEDGMENTS; AND

(2)   THE PERSON MAKING A STATEMENT REQUIRED
TO BE VERIFIED UNDER OATH IS SUBJECT TO THE PENALTIES
FOR PERJURY TO THE SAME EXTENT AS IF THE STATEMENT HAD
BEEN VERIFIED UNDER OATH,

REVISOR'S NOTE: This section presently appears as
Art. 23, §127B. Its provisions are expanded
to permit use by non—corporate entities, such
as a non—corporate transferee of assets.