Corporate Resolution to Open Bank Account (sample)
I have already covered everything you need to know about corporate resolution. Here I will focus only on the sample of Corporate Resolution to Open Bank Account.

what is a Corporate Resolution to Open Bank Account?


Corporate Resolution to Open Bank Account is a special resolution passed in a valid corporate meeting for the purpose of authorizing the company to open a bank account as agreed by the members of the meeting.

How to write Corporate Resolution to Open Bank Account?


This resolution is written as an extract of the meeting duly convinced by the company directors to discuss the agenda of opening a bank account. This resolution must show or must contain, among other things; the purpose of opening a bank account, the Bank where the account will be opened, the name of the account, the people who will be responsible to act on behalf of the company o open and operate the said account.

sample of Corporate Resolution to Open Bank Account.


The following is the sample of Corporate Resolution to Open Bank Account.



X AND Y ENTERPRISES LIMITED

Of [insert postal and physical address]

CORPORATE RESOLUTION TO OPEN BANK ACCOUNT

PRESENT WERE:
1 John Smith- Director/chairman

2. Isaac Michael- Director/secretary

3. Jane Jordan-Director/member

4. Harry James- Director/member

5. Marry Emanuel - Director/member

The undersigned, being directors of the X and Y enterprises Limited we hereby consent and agree that the following corporate resolution was made on 1/01/2020 03: 30 PM at Grasmere, Staten Island New York City, United States

WHEREAS the chairman reported that arrangements would be made to open a bank account with ABC Bank, X Branch, to enhance the financial operations of the corporation.

In accordance with state law and the bylaws of this corporation, by unanimous consent, the board of directors resolved that: 


  • A bank account in the name and style of X AND Y ENTERPRISES LIMITED should be open with ABC Bank, X Branch, to enhance the financial operations of the corporation.
  • The following signatories from the corporation are hereby appointed and authorized to jointly and severally act in any reasonable manner whatsoever regarding opening and operation of  that Bank account on behalf of the corporation
  1. Isaac Michael
  2. Jane Jordan
  3. Harry James
  • The corporation shall provide the authorized with a certified copy of this resolution together with all financial and non-financial support as it may require opening the Bank Account.
  • That the process of opening that Bank account shall start as soon as possible from the date of the meeting.

The Secretary of the Corporation certifies that the above is a true and correct copy of the resolution that was duly adopted at a meeting of the dated meeting of the board of directors. 

Name___________________________                   _________________ Signature of Chairman        Date

Name____________________________                   _________________ Signature of Secretary        Date

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