Document background
Minutes For Change of Bank Signatories are essential corporate documents required when an organization needs to modify who has authority to conduct banking transactions on its behalf. This document type is commonly used in Canadian business operations when there are changes in personnel, particularly during leadership transitions, corporate restructuring, or when existing signatories leave the organization. The minutes must comply with both federal and provincial corporate governance requirements, as well as banking regulations. They serve as the official record of the organization's decision to change bank signatories and typically include details of the meeting, the formal resolution, specific banking arrangements, and full details of new signing authorities. Banks rely on these minutes as authorization to update their records and implement the requested changes to account access and transaction authorities.
