Wisconsin Resolution Selecting Depository Bank for Corporation and Account Signatories

• Category: Corporations - Minutes and Resolutions
• State: Multi-State
• Control #: US-04006
• Format: Word; Rich Text

Description

This form is a Corporate Resolution Establishing a Bank Account. The corporation has resolved that the named banking institution has been selected as a depository for funds of the corporation. The Wisconsin Resolution Selecting Depository Bank for Corporation and Account Signatories is a legal document that pertains to corporate banking matters in the state of Wisconsin. This resolution is crucial for corporations operating in Wisconsin as it allows them to establish a relationship with a specific bank to handle their financial transactions and deposit accounts. The document also designates the authorized signatories who are granted the power to act on behalf of the corporation and make transactions with the chosen depository bank. Keywords: 1. Wisconsin Resolution: Refers to a formal decision made by a corporation registered in Wisconsin. 2. Selecting Depository Bank: Indicates the process of choosing a specific bank to handle a corporation's deposits and financial transactions. 3. Corporation: Pertains to a legal entity created for business purposes, usually owned by shareholders. 4. Account Signatories: Refers to individuals authorized to sign documents and make transactions on behalf of the corporation. 5. Banking Relationship: Indicates the connection between the corporation and the depository bank. 6. Financial Transactions: Refers to any monetary dealings, such as deposits, withdrawals, checks, or wire transfers. 7. Deposit Accounts: Refers to accounts established with the chosen depository bank to hold the corporation's funds securely. Different Types: 1. Standard Wisconsin Resolution Selecting Depository Bank for Corporation and Account Signatories: This is the most common type of resolution used by corporations to select a depository bank and designate authorized signatories. 2. Amended Wisconsin Resolution Selecting Depository Bank for Corporation and Account Signatories: If any changes are needed in the initial resolution, an amended resolution may be drafted to reflect the modifications made in the banking relationship or signatory details. It's important to note that the details and specific requirements of the Wisconsin Resolution Selecting Depository Bank for Corporation and Account Signatories may vary depending on the corporation's specific circumstances and the bank involved. Seeking legal counsel or referring to the Wisconsin state laws and guidelines is advisable to ensure compliance and accuracy in drafting this resolution.

The Wisconsin Resolution Selecting Depository Bank for Corporation and Account Signatories is a legal document that pertains to corporate banking matters in the state of Wisconsin. This resolution is crucial for corporations operating in Wisconsin as it allows them to establish a relationship with a specific bank to handle their financial transactions and deposit accounts. The document also designates the authorized signatories who are granted the power to act on behalf of the corporation and make transactions with the chosen depository bank. Keywords: 1. Wisconsin Resolution: Refers to a formal decision made by a corporation registered in Wisconsin. 2. Selecting Depository Bank: Indicates the process of choosing a specific bank to handle a corporation's deposits and financial transactions. 3. Corporation: Pertains to a legal entity created for business purposes, usually owned by shareholders. 4. Account Signatories: Refers to individuals authorized to sign documents and make transactions on behalf of the corporation. 5. Banking Relationship: Indicates the connection between the corporation and the depository bank. 6. Financial Transactions: Refers to any monetary dealings, such as deposits, withdrawals, checks, or wire transfers. 7. Deposit Accounts: Refers to accounts established with the chosen depository bank to hold the corporation's funds securely. Different Types: 1. Standard Wisconsin Resolution Selecting Depository Bank for Corporation and Account Signatories: This is the most common type of resolution used by corporations to select a depository bank and designate authorized signatories. 2. Amended Wisconsin Resolution Selecting Depository Bank for Corporation and Account Signatories: If any changes are needed in the initial resolution, an amended resolution may be drafted to reflect the modifications made in the banking relationship or signatory details. It's important to note that the details and specific requirements of the Wisconsin Resolution Selecting Depository Bank for Corporation and Account Signatories may vary depending on the corporation's specific circumstances and the bank involved. Seeking legal counsel or referring to the Wisconsin state laws and guidelines is advisable to ensure compliance and accuracy in drafting this resolution.