Guest Michael Riggs Posted October 6, 2012 at 05:44 PM Report Share Posted October 6, 2012 at 05:44 PM Need to know what is the correct procedure for removing an old chairman and replacing withnew chairman and vice chairman on the bank account? Link to comment Share on other sites More sharing options...
JohnR Posted October 6, 2012 at 05:46 PM Report Share Posted October 6, 2012 at 05:46 PM This will depend entirely on the policies of your bank. They are likely to ask for the signed minutes of the meeting which elected the new chairman, among other documents. Link to comment Share on other sites More sharing options...
g40 Posted October 6, 2012 at 08:14 PM Report Share Posted October 6, 2012 at 08:14 PM In my experience, the bank will probably want a "Corporate Resolution", signed by the Secretary (or other authorized official), naming the currently authorized signers on the account. Make sure that the bank, then, removes all that are not on the old list. Sometimes, the bank prefers the departing signers to authourize removing them, but that is not always possible/practical. Link to comment Share on other sites More sharing options...
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