Delegation of signatory authority that bind the university. 3364-40-08

Policy Class: Finance
Policy Action: Major revision of existing policy
Purpose of Policy: This policy provides specific guidelines relative to the delegation of signature authority granted to specific University of Toledo officials that bind the institution.  In the event job titles are eliminated, the official who receives those job responsibilities would assume the signature authority.  Entering into a binding agreement without the appropriate authority, in violation of law, or a University Policy could result in personal liability in accordance with Section 3.12 of the Ohio Revised Code and may have disciplinary action brought which could result in job loss.
This policy supersedes: n/a, Keywords: signatory authority, binding agreement, signature authority, delegation of signature authority
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Abstract/Description: Policy Class: Finance

Policy Action: Major revision of existing policy

Purpose of Policy: This policy provides specific guidelines relative to the delegation of signature authority granted to specific University of Toledo officials that bind the institution. In the event job titles are eliminated, the official who receives those job responsibilities would assume the signature authority. Entering into a binding agreement without the appropriate authority, in violation of law, or a University Policy could result in personal liability in accordance with Section 3.12 of the Ohio Revised Code and may have disciplinary action brought which could result in job loss.

This policy supersedes: n/a
Subject(s): Administration
Finance
Faculty
Staff





Date Created: 2011-01-01