corporate-resolution-bank-account

name	corporate-resolution-bank-account
title	Corporate Resolution — Bank Account Authorization
description	Drafts a board resolution authorizing the opening and management of corporate bank accounts, including signatory designation, account types, borrowing authority, and secretary certification. Triggers when a financial institution requires formal board authorization to establish or manage accounts, when updating authorized signatories, or when documenting banking authority during entity formation or reorganization.
author	CaseMark
author_url	https://github.com/CaseMark/skills/tree/main/skills/legal/corporate-resolution-bank-account
license	Apache-2.0
version	0.1.0
execution_mode	open
jurisdiction	us
practice	corporate
language	en
tags	["drafting"]

Corporate Resolution — Bank Account Authorization

Produces a board-level governance document that satisfies both internal corporate formality and bank due diligence for account opening, maintenance, and transaction authority.

Required Inputs

1. Corporation legal name — must match articles of incorporation exactly
2. State of incorporation
3. Adoption method — board meeting or written consent of directors
4. Financial institution(s) — named institution or class (e.g., "any FDIC-insured institution")
5. Authorized signatories — names, titles, tiered authority thresholds
6. Scope — account types, transaction types, borrowing authority (yes/no), dollar limits
7. Prior resolutions — to supersede, if any
8. Bylaws — provisions on banking authority and consent requirements

Quick Start

1. Collect all required inputs above.
2. Confirm bylaw authorization for board delegation of banking authority.
3. Confirm adoption-method validity under applicable state law.
4. Draft resolution sections in order: Header → Operative Resolutions → Certification.
5. Verify legal name, signatory tiers, and dollar thresholds before finalizing.

Output Structure

1. Header & Recitals

Field	Content
Title	RESOLUTIONS OF THE BOARD OF DIRECTORS OF [CORP NAME]
Date	Adoption date
Method	Board meeting (quorum + notice) OR written consent (check state unanimity requirement)
Bylaw reference	Cite specific provision authorizing banking resolutions
Purpose	Brief operational need (payments, payroll, receivables, etc.)

2. Operative Resolutions

Draft each as a separate RESOLVED clause:

• Account Authority — Authorize named officers to open, maintain, modify, and close specified account types (checking, savings, money market, CD, other) at designated institution(s).
• Signatory Designation — Tiered structure:
  • Single signature: transactions up to $[threshold]
  • Dual signature: transactions exceeding $[threshold]
  • Covers: checks, wires, ACH, online banking, bank-required forms