Free Board Resolution Letter for Account Opening Template
Board Resolution Letter for Account Opening
[YOUR COMPANY NAME]
[YOUR COMPANY ADDRESS]
[YOUR COMPANY NUMBER]
Date: October 16, 2050
To Whom It May Concern,
This letter serves as a formal resolution of the Board of Directors of [YOUR COMPANY NAME] regarding the opening of additional accounts with BeansBee Bank.
WHEREAS, the Board has determined that it is in the best interest of the company to establish additional financial accounts for the purpose of managing operational funds, project-specific financing, and enhancing financial efficiency;
NOW, THEREFORE, BE IT RESOLVED that the Board of Directors hereby authorizes the opening of the following accounts:
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Operational Checking Account
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Project Development Savings Account
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Employee Benefit Trust Fund
BE IT FURTHER RESOLVED that the following individuals are designated as authorized signatories for the accounts:
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[YOUR NAME]
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Davion Barton
-
Barry Morar
These signatories shall have full authority to manage the accounts, including but not limited to the ability to deposit, withdraw, and execute transactions as necessary for the efficient operation of the company.
BE IT RESOLVED that the Secretary of the Board is instructed to provide a copy of this resolution to BeansBee Bank and ensure compliance with any additional requirements needed to facilitate the account openings.
This resolution is effective immediately and shall remain in effect until amended or revoked by the Board of Directors.
IN WITNESS WHEREOF, we have hereunto set our hands this 16th day of October, 2050.
[YOUR NAME]
Chairman of the Board
[YOUR EMAIL]
Davion Barton
Chief Financial Officer
Barry Morar
Secretary of the Board
