A Board Resolution For Reactivation Of Bank Account becomes necessary when a company needs to reactivate a bank account that has become dormant or been suspended due to inactivity or other reasons. This document is crucial in the United States banking system as it provides banks with the formal authorization needed to reactivate accounts in compliance with federal and state banking regulations. The resolution typically includes the account details, reasons for reactivation, list of authorized signatories, and specific banking powers granted. It must comply with both corporate governance requirements and banking regulations.
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1. Title and Date: Official title of resolution and date of board meeting
2. Company Information: Legal name, registration details, and registered address
3. Recitals: Background information explaining why account reactivation is needed
4. Resolution Statement: Formal decision to reactivate the account
5. Bank Account Details: Specific account information to be reactivated
6. Authorization: Names and powers of authorized signatories
7. Certification: Secretary's certification of the resolution's validity
1. Additional Banking Services: Authorization for specific banking services, used when additional services are required
2. Digital Banking Authorization: Authorization for online banking access
1. List of Authorized Signatories: Detailed list of authorized persons with specimen signatures
2. Board Meeting Minutes Extract: Copy of relevant portion of board meeting minutes
3. Identity Documents: Copies of identification documents for authorized signatories
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