Board Resolution for Reactivation of Dormant Bank Account

Document Type: DOCX

Number of Pages: 1

Price: KES 250

Summary

A Board Resolution for Reactivation of a Dormant Bank Account is a formal written decision made by the Board of Directors of a company authorizing the reactivation of a bank account that has become dormant due to inactivity over a certain period (usually 6–12 months, depending on the bank).

The main purposes are:

1. Compliance with Bank Requirements
Most Kenyan banks require a board resolution as proof that the company consents to reactivating the dormant account.
2. Formal Authorization
It empowers designated individuals (such as directors or company secretary) to act on behalf of the company.
3. Internal Governance and Record-Keeping
It ensures that the decision is properly recorded in the company’s board minutes and aligns with corporate governance practices.
4. Legal Protection
It protects the bank and the company by showing that the reactivation was authorized by the board.

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Disclaimer: This document is not to be taken as legal advise.

Board Resolution for Reactivation of Dormant Bank Account

Summary

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