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Get the free BUSINESS ACCOUNT RESOLUTION - Maine State Credit Union - mainestatecu

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BUSINESS and/or ORGANIZATIONAL ACCOUNT RESOLUTION MAINE STATE CREDIT UNION Resolution of (the organization) To the Maine State Credit Union (herein referred to as Credit Union) Resolved 1) That the
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How to fill out business account resolution

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To fill out a business account resolution, follow these points:

Begin by gathering all necessary information:

01
Company name and address
02
List of authorized signatories
03
Purpose of the resolution

Clearly state the purpose of the resolution:

Is it to open a new business account?

Is it to make changes to an existing account?

Is it to close an account?

Include a formal heading:

Use the company's letterhead or include the name and address of the company at the top of the document.

Identify the resolution:

Start by stating "Resolution" followed by a number or title for easy reference.

Provide a clear introduction:

Begin by explaining the purpose of the resolution and why it is necessary.

Outline the details:

01
Specify the actions required, such as opening a new account or designating authorized signatories.
02
Include any specific instructions or requirements, such as minimum balance or documentation needed.

Include necessary supporting documents:

If required, attach any supporting documents, such as identification or legal paperwork.

Include a section for signatures:

01
Leave enough space for authorized individuals to sign and date the resolution.
02
Specify the position or title next to each signature.

Distribute and file the resolution:

01
Once the resolution is filled out and signed, distribute copies to all relevant parties.
02
Keep a copy in the company's records for future reference.

Who needs a business account resolution:

01
Companies undergoing changes, such as mergers, acquisitions, or restructuring.
02
Businesses establishing new accounts with financial institutions.
03
Companies changing authorized signatories on their accounts.
04
Businesses closing or terminating their accounts.
Remember to consult with legal or financial professionals for specific requirements or additional guidance when filling out a business account resolution.
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A business account resolution is a formal document that outlines decisions made by a business or organization regarding its accounts and financial matters.
Business owners, shareholders, or board members are typically required to file a business account resolution.
To fill out a business account resolution, one must detail all decisions made regarding financial accounts, obtain necessary signatures, and submit the document to the appropriate parties.
The purpose of a business account resolution is to document and formalize decisions made by a business regarding its financial accounts and operations.
Information such as account decisions, signatures of those involved, and any relevant financial details must be reported on a business account resolution.
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MAINE forgoing foregoing ORGANIZATIONAL herein bylaws certify endorsed quorum drafts payable depository furnished revoked duly deposited specimens modified

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