(1) A person with a title of head of the principal office or a branch office, or any other person with a title recognized as equivalent to a manager shall be deemed to have the same authority as a manager at the principal office or a branch office: Provided, That this shall not apply in respect of judicial acts.
(2) The provisions of paragraph (1) shall not apply where the other party has acted in bad faith.[This Article Wholly Amended by Act No. 10281, May 14, 2010]