North Dakota Certificate of Secretary of Corporation as to Commercial Loan

• Category: Loans and Lending - Certifications
• State: Multi-State
• Control #: US-1158BG
• Format: Word; Rich Text

Description

The most important documents attached to this certificate are the certificate of good standing and the corporate or partnership resolutions authorizing the loan and designating the officers who are to execute the loan documents. The North Dakota Certificate of Secretary of Corporation as to Commercial Loan is a crucial legal document that serves as proof of the corporation's authority to obtain a commercial loan. This certificate is issued by the Secretary of State of North Dakota and includes essential information about the corporation and its borrowing capacity. Keywords: North Dakota, Certificate of Secretary of Corporation, commercial loan, authority, proof, borrowing capacity, legal document, Secretary of State. The North Dakota Certificate of Secretary of Corporation as to Commercial Loan contains the following important details: 1. Corporation Name: This section states the full legal name of the corporation seeking the commercial loan. It is crucial to ensure accuracy and consistency with the corporation's official documents. 2. Date of Incorporation: This field provides the date on which the corporation was officially incorporated in the state of North Dakota. It verifies that the corporation exists and is duly registered. 3. Registered Agent: The certificate includes the name and address of the registered agent representing the corporation. The registered agent is the official point of contact for legal and administrative matters. 4. Principal Office Address: This section specifies the physical address of the corporation's principal office. It is the primary location where major decisions and administrative functions occur. 5. Type of Commercial Loan: The certificate may include information regarding the specific type of commercial loan being sought. Examples include equipment financing, real estate loans, working capital loans, or lines of credit. 6. Loan Amount: The certificate states the requested loan amount. This figure shows the financial capacity of the corporation and outlines the intended scope of the loan. 7. Corporate Authority: This section provides explicit confirmation that the corporation has authorized entering into a commercial loan agreement. It typically includes the date of the corporate resolution or board meeting where this approval was granted. 8. Secretary of State Seal: The Certificate of Secretary of Corporation as to Commercial Loan bears the official seal of the Secretary of State of North Dakota. This seal adds authenticity and credibility to the document. Types of North Dakota Certificates of Secretary of Corporation as to Commercial Loan: 1. Initial Loan Certificate: This certificate type is issued when a corporation seeks a commercial loan for the first time. It establishes the corporation's borrowing authority and serves as a foundation for future lending activities. 2. Amended Loan Certificate: An amended certificate is provided when specific changes occur regarding the commercial loan agreement. These changes may include modifications in loan terms, borrowing capacity, or additional collateral. 3. Annual Loan Certificate: Some corporations may be required to submit an annual certificate to keep their borrowing record up to date. This type of certificate ensures continuous compliance with regulatory requirements and enables ongoing commercial lending activities. The North Dakota Certificate of Secretary of Corporation as to Commercial Loan is a vital document that confirms a corporation's authority to secure a commercial loan. It helps to lend institutions and other relevant parties ensure the legitimacy and financial capacity of the borrowing entity.

The North Dakota Certificate of Secretary of Corporation as to Commercial Loan is a crucial legal document that serves as proof of the corporation's authority to obtain a commercial loan. This certificate is issued by the Secretary of State of North Dakota and includes essential information about the corporation and its borrowing capacity. Keywords: North Dakota, Certificate of Secretary of Corporation, commercial loan, authority, proof, borrowing capacity, legal document, Secretary of State. The North Dakota Certificate of Secretary of Corporation as to Commercial Loan contains the following important details: 1. Corporation Name: This section states the full legal name of the corporation seeking the commercial loan. It is crucial to ensure accuracy and consistency with the corporation's official documents. 2. Date of Incorporation: This field provides the date on which the corporation was officially incorporated in the state of North Dakota. It verifies that the corporation exists and is duly registered. 3. Registered Agent: The certificate includes the name and address of the registered agent representing the corporation. The registered agent is the official point of contact for legal and administrative matters. 4. Principal Office Address: This section specifies the physical address of the corporation's principal office. It is the primary location where major decisions and administrative functions occur. 5. Type of Commercial Loan: The certificate may include information regarding the specific type of commercial loan being sought. Examples include equipment financing, real estate loans, working capital loans, or lines of credit. 6. Loan Amount: The certificate states the requested loan amount. This figure shows the financial capacity of the corporation and outlines the intended scope of the loan. 7. Corporate Authority: This section provides explicit confirmation that the corporation has authorized entering into a commercial loan agreement. It typically includes the date of the corporate resolution or board meeting where this approval was granted. 8. Secretary of State Seal: The Certificate of Secretary of Corporation as to Commercial Loan bears the official seal of the Secretary of State of North Dakota. This seal adds authenticity and credibility to the document. Types of North Dakota Certificates of Secretary of Corporation as to Commercial Loan: 1. Initial Loan Certificate: This certificate type is issued when a corporation seeks a commercial loan for the first time. It establishes the corporation's borrowing authority and serves as a foundation for future lending activities. 2. Amended Loan Certificate: An amended certificate is provided when specific changes occur regarding the commercial loan agreement. These changes may include modifications in loan terms, borrowing capacity, or additional collateral. 3. Annual Loan Certificate: Some corporations may be required to submit an annual certificate to keep their borrowing record up to date. This type of certificate ensures continuous compliance with regulatory requirements and enables ongoing commercial lending activities. The North Dakota Certificate of Secretary of Corporation as to Commercial Loan is a vital document that confirms a corporation's authority to secure a commercial loan. It helps to lend institutions and other relevant parties ensure the legitimacy and financial capacity of the borrowing entity.