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Corporate authorization resolution - FirstIB

Corporate authorization resolution - FirstIB 2025

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The document is a Corporate Authorization Resolution from First Internet Bank of Indiana, certifying the authority of designated agents to perform various financial actions on behalf of the corporation. It outlines the powers granted to these agents, including opening accounts, endorsing checks, borrowing money, and managing corporate funds. The resolution also specifies limitations on these powers and affirms that previous resolutions remain in effect until modified or rescinded.

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Does a corporate resolution need to be notarized?

A corporate resolution document does not need to be notarized, although if it involves other transactions then those might have to be notarized. Once the document has been signed off and dated by the chairperson, vice-chairperson, corporate treasurer, and secretary, it becomes a binding document.

How do you certify a corporate resolution?

In order to prepare and execute a certified board resolution, the secretary of the corporation should follow these procedures: Review the corporate by-laws. The chairperson will call the meeting to order. The chairperson will call for a vote on the issue before the board. The vote will be taken.

What is a corporate resolution to authorize borrowing?

A corporate resolution that authorizes borrowing on a line of credit is often referred to a borrowing resolution. This resolution indicates that the members (LLC) or Board of Directors (Corporation) have held a meeting and conducted a vote allowing the company to borrow a specific loan amount.

What is a corporate resolution for a bank account?

A corporate resolution to open a business bank account is a document that clearly shows the bank who has the authority to start an account on behalf of your corporation. If this information isnt specifically covered in your Articles of Incorporation or bylaws, your bank may require a resolution.

Does an LLC resolution need to be notarized?

Drumroll please . . . the answer is: no! Just because its a legal document doesnt mean that it needs to be officially witnessed or notarized, which makes your life as a business owner a little bit easier.

What is a corporate authorization resolution?

The corporate resolution for signing authority is a specific corporate resolution that authorizes specific corporate officers with the legal standing to sign contracts on behalf of the corporation.

Does a company agreement need to be notarized?

Most states, including California, Texas, and New York, do not require notarization for operating agreements. In these jurisdictions, notarization remains voluntary and may be pursued to enhance document authenticity and credibility.

Corporate authorization resolution - FirstIB 2025

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Does a corporate resolution need to be notarized?

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What is a corporate resolution for a bank account?

Does an LLC resolution need to be notarized?

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What is a corporate authorization resolution?

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Corporate authorization resolution - FirstIB 2025

Here's how it works

The easiest way to edit Corporate authorization resolution - FirstIB in PDF format online

Complete this form in 5 minutes or less

Got questions?

Does a corporate resolution need to be notarized?

How do you certify a corporate resolution?

What is a corporate resolution to authorize borrowing?

What is a corporate resolution for a bank account?

Does an LLC resolution need to be notarized?

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