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An incumbency certificate is issued by a company and lists officers, directors, and members. A good standing certificate is issued by a state agency and verifies and confirms that all of the company's franchise taxes are current and up to date and that any required annual reports have been completed and filed.
The Delaware Certificate of Incumbency, an essential document, evidences a corporation's current authoritative figures.
Certificate of Incumbency Defined It specifies who each person is and what position they hold. This document most commonly serves as validation for identifying who is able to enter into legally binding agreements on behalf of the company, or in other words, who the company's signatories are.
This article discusses the key legal documents needed to incorporate as a Delaware corporation. Certificate of incorporation. ... Sole incorporator consent. ... Bylaws. ... Initial Board Consent.
Outside of the United States, this document goes by other names, such as Register of Directors/Members, Secretary's Certificate, Officer's Certificate or Certificate of Officers.
The first step to obtaining a certificate of incumbency is easy: draft the document. This process is usually completed by a company's secretary and is the most vital part of the process. It can be helpful to draft a comprehensive list of all the company's authorized signers to make this process as easy as possible.
An incumbency certificate is issued by the corporate secretary, often bears the corporate seal, and may be notarized by a notary public.