Corporate Banking Resolutions-Banking Relationship

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Question:

Is a Corporate Banking Resolutions on a bank's letterhead which is completed and certified by the Board Secretary with the corporate seal affixed, sufficient to memorialize a resolution taken by a company's board of directors regarding actions related to a banking relationship such as appointing a new board secretary or adding and deleting signers?

Answer:

Corporate resolutions would be governed by State law and be interpreted by caselaw within your jurisdiction. Consult your legal counsel.