Form with which a corporation may resolve to authorize an officer or representative to file necessary official documents for a given purpose.
Form with which a corporation may resolve to authorize an officer or representative to file necessary official documents for a given purpose.
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.
Board Resolution Granting Signing Authority BE IT RESOLVED, that the board of directors hereunder authorizes Authorized Individual's Name, Position, to sign, execute, and endorse on behalf of Company Name for all financial transactions, legal documents, and other official agreements.
Must include the specific date and time when the board met to pass the resolution. Must authorize a specific person or persons by name and title. Must include the types of contracts and agreements the specific individual or individuals can execute on behalf of the corporation.
The title of the resolution must appropriately reflect the intent. Resolutions begin with "Whereas" statements, which provides the basic facts and reasons for the resolution, and conclude with "Resolved" statements which, identifies the specific proposal for the requestor's course of action.
Corporate signing authority resolutions specify who has the legal authority to bind the corporation through contracts. Individuals with the authority to sign can create legally binding contracts such as employment contracts, real estate transactions, and other important agreements.
Authorizing Resolution means a resolution adopted by the Board of Directors or by an Officer or committee of Officers pursuant to Board delegation authorizing a Series of Securities. An Authorizing Resolution shall be so adopted by both the Company and the Guarantor.
Individual acting on behalf of one or more individuals They will also need to be identified as the person signing the application. One example of evidence of a person's legal authority to bind another individual in certain circumstances is a Power of Attorney.