Sample Banking Resolution is below, OR download the example here.
Sample Bank Resolution: Details will need to be changed to reflect specifics of each situation. This form is for illustration purposes only. Consult an attorney in your state before finalizing or implementing legal contracts.
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a California Corporation
RESOLVED that this corporation shall establish one or more deposit accounts in its name at the banking institution named below, and that the corporation’s president shall act on behalf of the corporation in establishing such an account or accounts on terms and conditions as agreed on with that bank, as follows:
Name on account:
Federal ID:
Address:
Bank:
Branch:
Address:
City:
State:
Zip Code:
RESOLVED FURTHER that the president is authorized to designate as depositaries of this corporation’s funds one or more other banks, trust companies, or other financial institutions, and to open, keep, and close general and special accounts in such depositaries;
RESOLVED FURTHER that any officer of the corporation is authorized to endorse checks, drafts, or other evidences of indebtedness made payable to the corporation, but only for the purpose of deposit; and
RESOLVED FURTHER that all checks, drafts, and other instruments obligating the corporation to pay money, including instruments payable to officers or other persons authorized to sign them, shall be signed on the corporation’s behalf by the following corporate officer(s):
*, PRESIDENT
*, SECRETARY
RESOLVED FURTHER that the standard form of corporate resolution for opening a corporate account required by the bank referred to above is adopted as the resolution of the board of directors, and the secretary is directed to obtain the necessary signatures, execute the necessary certifications, and take such steps as needed to open the account. The secretary is further directed to insert a copy of any such executed form in the minute book as part of the minutes of this meeting.
Date:
*, PRESIDENT
Date:
*, SECRETARY