Standard Life Assurance Company Act 1991

Execution of deeds, etc

74 (1) All deeds and other writings which require to be executed by the Company may be in writing or printed or partly in writing and partly printed, and shall (without prejudice to any other method of execution of documents permitted by any enactment or rule of law) be sufficiently authenticated by being sealed with the common seal of the Company and signed by one of the directors and by the chief executive or secretary or some other person appointed by the directors for the purpose (either generally or in any particular case or cases) and shall be equally binding whether attested by witnesses or not:

Provided that—

(i) policies need not be executed in such manner as aforesaid and may instead be sealed with the common seal of the Company and signed by one of the directors or by the secretary, and the same shall be equally binding whether attested by witnesses or not;

(ii) without prejudice to the foregoing methods of execution, all deeds and other writings executed in any place out of the United Kingdom shall be sufficiently authenticated, and all policies, contracts, cheques, bills of exchange, promissory notes and other negotiable instruments, warrants, receipts, notices and other writings requiring execution or authentication by the Company shall be valid and effective, if the same are signed by such person, or authenticated in such other manner, as the directors may appoint or direct, but no person receiving the same shall be bound or required to see that the same have been approved or sanctioned by the directors; and

(iii) the directors may, either generally or in any particular case or cases, determine that the signature of a director or of the chief executive or secretary or of any other person authorised by them to sign may be printed or affixed in facsimile by some mechanical, electronic or other device to be specified by the directors, and the directors may prescribe precautions as to the use and safe custody of such device.

(2) In all matters and proceedings in which the Company is required to make any declaration or affidavit such declaration or affidavit may be made by any one director or by the chief executive or secretary of the Company or such other officer of the Company as the directors shall appoint and the same when so made shall be sufficient.