Form with which a corporation may resolve to authorize an officer or representative to loan a specific amount of funds to another party.
Bank Loan Board Resolution Format In Illinois
State:
Multi-State
Control #:
US-0043-CR
Format:
Word;
Rich Text
Instant download
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Generally, when a corporation or LLC needs to pass a resolution, the best option is using a template, which should be easy to fill out. What should board resolutions include?Download the free corporate borrowing resolution template as a word document or PDF. It is perfect to write a board resolution for an SBA loan from a bank. A Director Resolution creates either the director's minutes or the director's resolution in lieu of meeting for any corporation or organization. Illinois law requires that each member of the PDF's Board or a designated appointee certify the managing agent resolution. The resolution officially authorizes members to open a bank account, apply for loans, and make withdrawals in the company's name.