Free Board Resolution for Authorized Signatory Template
Board Resolution for Account Opening
I. Introduction
This resolution authorizes the opening of a corporate account for [YOUR COMPANY NAME] with StarTerra Bank. It confirms the appointment of authorized signatories to operate the account on behalf of the company.
II. Account Opening Authorization
The board of directors of [YOUR COMPANY NAME] hereby resolves that the following individuals are authorized to open and manage the company’s account with StarTerra Bank:
|
Name |
Signature Authority |
Date of Appointment |
|---|---|---|
|
Jewell Ward |
Full authority |
January 10, 2050 |
|
Lawrence Orn |
Limited authority |
January 10, 2050 |
These individuals are authorized to execute all necessary documentation for the opening and management of the account, including the signing of checks and financial agreements related to the account.
III. Account Details and Powers
The board further resolves that the authorized individuals will have the following powers with respect to the company’s bank account:
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Deposits and Withdrawals: Authorized individuals may deposit and withdraw funds from the account.
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Account Management: They are empowered to request account statements, monitor transactions, and make changes to account details.
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Additional Powers: The authorized individuals have the right to designate additional signatories or representatives as needed, subject to board approval.
Account Information:
-
Company Name: [YOUR COMPANY NAME]
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Company Number: [YOUR COMPANY NUMBER]
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Company Address: [YOUR COMPANY ADDRESS]
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Company Website: [YOUR COMPANY WEBSITE]
IV. Conclusion
This resolution is effective as of January 10, 2050, and remains valid until further notice. The board confirms that all actions taken in accordance with this resolution are in the best interests of [YOUR COMPANY NAME] and comply with applicable laws and regulations.
