Who must sign the promissory note for a guaranteed FO loan to a corporation owned by four individuals?

In the context of a guaranteed Farmers' Home Administration (FO) loan to a corporation, the promissory note must be signed by an individual who holds the authority to bind the corporation legally. This authority is typically specified in the corporation's bylaws, which outline the roles and responsibilities of corporate officers and the processes for executing contracts. By designating a specific officer in the bylaws, the corporation ensures that the correct individual is granted the power to execute documents on behalf of the corporation, thus providing legal protection to both the lender and the entity.

The choice correctly reflects the fact that it is not necessary for all officers or stockholders to sign the promissory note. Instead, securing a single designated officer simplifies the process while maintaining the integrity and authority of the corporate structure. This assures the lender that the note has been executed by someone who has the proper authorization per corporate governance rules, minimizing potential legal complications down the line.