The Partnership Resolution for Opening Bank Account is a crucial document required by U.S. financial institutions when establishing banking relationships with partnerships. It demonstrates the collective agreement of partners and their authorization to open and operate bank accounts. This resolution is necessary to comply with federal banking regulations and provides banks with clear documentation of who can access and manage the partnership's funds. It typically includes partner information, authorized signatories, specific banking powers granted, and any limitations on authority. The document is particularly important for maintaining clear records of financial authority and ensuring smooth banking operations.
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1. Title and Date: Formal identification of the resolution and date of adoption
2. Partnership Information: Legal name, business address, and type of partnership
3. Resolution Statement: Formal declaration of partners' decision to open bank account
4. Bank Details: Name and branch of selected banking institution
5. Authorized Persons: List of individuals authorized to operate the account
6. Authorization Powers: Specific powers granted to authorized individuals
7. Certification: Statement certifying the resolution's validity
1. Special Instructions: Specific operating procedures or restrictions for special account handling requirements
2. Additional Services: Authorization for specific banking services when special services are required
3. Online Banking: Authorization for digital banking services when online banking access is needed
1. Schedule A - Specimen Signatures: Signatures of all authorized persons
2. Schedule B - Partnership Agreement Extract: Relevant sections of partnership agreement showing authority
3. Schedule C - Identification Documents: Copies of required identification for authorized persons
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