This corporate resolution form will often specify who may sign checks, borrow money or make banking decisions. (1). Exercise all of the powers listed in this resolution. (2).Open any deposit or share account(s) in the name of the Corporation. (3). This guide covers the essential elements of a corporate resolution form, its purpose, and the steps involved in completing it accurately and efficiently. Complete this form and we'll quickly prepare a corporate resolution to open a bank account. Approval of Financial Statements: Resolutions are adopted to approve annual financial statements, budgets, and financial reports. A corporate resolution is a legal document that spells out a specific action or decision your board of directors has approved. Business 1-877-538-3335. Mortgage 1-866-994-3164. Additional conditions and fees apply.