Both the Model Business Corporation Act and the Revised Model Business Corporation Act provide that acts to be taken at a director's meeting may be taken without a meeting if the action is taken by all the directors entitled to vote on the action. The action must be evidenced by one or more written consents bearing the date of signature and describing the action taken, signed by all the directors entitled to vote on the action, and delivered to the corporation for inclusion in the minutes or filing with the corporate records.
This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Kentucky Signature Authorization — Unanimous Written Consent Regarding Resolution Authorizing Bank to Honor Instruments Bearing Facsimile Signatures is a legal document that grants the authority to a bank or financial institution to accept and honor instruments (such as checks or promissory notes) that bear facsimile signatures of authorized individuals. This authorization is typically granted by a corporation or organization through a unanimous written consent resolution. This type of authorization allows the bank to process and authenticate transactions without the need for physically present signatories. Instead, facsimile signatures replicate the authorized individuals' signatures and are deemed valid and binding. The Kentucky Signature Authorization ensures efficient and streamlined banking operations, especially for high-volume or time-sensitive transactions. By implementing this resolution, a corporation authorizes its bank to honor various types of instruments bearing facsimile signatures. Some common types of instruments covered under this authorization may include: 1. Checks: Facsimile signatures on checks enable authorized personnel to delegate payment obligations, thereby facilitating the efficient issuance and management of payments. The bank can confidently process these checks based on the provided facsimile signatures. 2. Promissory Notes: Businesses often use promissory notes to establish legally binding loan agreements. The unanimous consent resolution allows the bank to recognize and accept facsimile signatures on such notes, ensuring smooth and convenient loan processing. 3. Authorization Letters: Facsimile signatures on authorization letters grant the bank permission to conduct specific financial transactions on behalf of the entity granting authorization. This can include wire transfers, loan modifications, or other banking operations. 4. Purchase Orders: Companies frequently use purchase orders to initiate transactions with vendors or suppliers. By authorizing facsimile signatures on purchase orders, the corporation enables the bank to process these transactions promptly, ensuring timely delivery of goods or services. It is crucial for the unanimous written consent to specify the authorized individuals whose signatures can be replicated through facsimile. Additionally, the resolution may outline any restrictions or limitations on the use of facsimile signatures for various types of instruments. Remember, before implementing such authorization, it is advisable to consult legal counsel and the bank to ensure compliance with all applicable regulations and requirements.Kentucky Signature Authorization — Unanimous Written Consent Regarding Resolution Authorizing Bank to Honor Instruments Bearing Facsimile Signatures is a legal document that grants the authority to a bank or financial institution to accept and honor instruments (such as checks or promissory notes) that bear facsimile signatures of authorized individuals. This authorization is typically granted by a corporation or organization through a unanimous written consent resolution. This type of authorization allows the bank to process and authenticate transactions without the need for physically present signatories. Instead, facsimile signatures replicate the authorized individuals' signatures and are deemed valid and binding. The Kentucky Signature Authorization ensures efficient and streamlined banking operations, especially for high-volume or time-sensitive transactions. By implementing this resolution, a corporation authorizes its bank to honor various types of instruments bearing facsimile signatures. Some common types of instruments covered under this authorization may include: 1. Checks: Facsimile signatures on checks enable authorized personnel to delegate payment obligations, thereby facilitating the efficient issuance and management of payments. The bank can confidently process these checks based on the provided facsimile signatures. 2. Promissory Notes: Businesses often use promissory notes to establish legally binding loan agreements. The unanimous consent resolution allows the bank to recognize and accept facsimile signatures on such notes, ensuring smooth and convenient loan processing. 3. Authorization Letters: Facsimile signatures on authorization letters grant the bank permission to conduct specific financial transactions on behalf of the entity granting authorization. This can include wire transfers, loan modifications, or other banking operations. 4. Purchase Orders: Companies frequently use purchase orders to initiate transactions with vendors or suppliers. By authorizing facsimile signatures on purchase orders, the corporation enables the bank to process these transactions promptly, ensuring timely delivery of goods or services. It is crucial for the unanimous written consent to specify the authorized individuals whose signatures can be replicated through facsimile. Additionally, the resolution may outline any restrictions or limitations on the use of facsimile signatures for various types of instruments. Remember, before implementing such authorization, it is advisable to consult legal counsel and the bank to ensure compliance with all applicable regulations and requirements.
