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Resolutions for Bank Accounts

  • 06 Jun 2013 3:07 PM
    Message # 1310984
    Deleted user

    Does anyone have a process or solution for the requirement to have a board resolution passed every time the Company wants to open a new bank account or change the officers authorized to deal in the account?  I work with a large company that has an active treasury function and often opens new bank and brokerage accounts.  This becomes an issue when the account is for the parent company and the account opening package includes a board resolution or updating account documentation requires a resolution.  The board does not like to deal with consent resolutions for these matters but often has to because the account has to be opened before the next regular meeting.  Any tips would be appreciated.


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