Board Resolution to Appoint Bank Account Agent

Document Type: DOCX

Number of Pages: 1

Price: KES 200

Summary

A Resolution to Appoint a Bank Account Agent is a formal written decision by the Board of Directors (or partners/owners in a smaller entity) authorizing a specific individual (the “agent”) to operate the company’s bank account on its behalf.

Purpose:

1. Provide Authority to Act
2. Bank Compliance Requirement
3. Maintain Accountability - By documenting the decision, the company shows a clear record of who is authorized to access funds, preventing unauthorized transactions.
4. Legal Protection - Protects both the company and the bank, since the bank will only act based on authorized resolutions.
5. Business Continuity - Ensures that if directors are absent or busy, an agent can still manage banking operations without interrupting business.

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

Board Resolution to Appoint Bank Account Agent

Summary

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