Execution of deeds by corporations4

After section 74 of the 1925 Act insert—

Execution of instrument as a deed74A

1

An instrument is validly executed by a corporation aggregate as a deed for the purposes of section 1(2)(b) of the Law of Property (Miscellaneous Provisions) Act 1989, if and only if—

a

it is duly executed by the corporation, and

b

it is delivered as a deed.

2

An instrument shall be presumed to be delivered for the purposes of subsection (1)(b) of this section upon its being executed, unless a contrary intention is proved.