How To Write A Resolution

Last Updated on July 26, 2023

You may find it hard to access the right information on the internet, so we are here to help you in the following article, providing the best and updated information on resolution format, how to write a resolution letter to the bank. Read on to learn more. We at collegelearners have all the information that you need about how to write a resolution in a story. Read on to learn more.

How To Write A Resolution

  1. Format the resolution by putting the date and resolution number at the top. If it’s the board’s first resolution, you can number it whatever you want. Consider using something like 0001 and then giving all future resolutions a consecutive number.
  2. Form a title of the resolution that speaks to the issue that you want to document. For example, “Resolution to Designate Funds of the 2016 Gala Fundraiser to the Marketing Fund.”
  3. Use formal language in the body of the resolution, beginning each new paragraph with the word, whereas. The first sentence should reference the board’s responsibility. For example, “Whereas it is the responsibility of the Board to designate funds for a specific purpose.”
  4. Continue writing out each important statement of the resolution, beginning each paragraph with whereas.
  5. The last statement of the resolution should state the final resolution, which is the action that the board took. For example, “Now, therefore be it resolved to designate the funds of the 2016 Gala Fundraiser to the Marketing Fund.”
  6. The bottom of the resolution should list the names of the board members voting on the resolution and spaces adjacent to their names where they can indicate a “yes” or “no” vote. Obviously, the resolution is approved when the majority of the board members vote “yes.”
  7. There should also be a place for the board president to sign and date the resolution.

how to write a resolution letter to the bank

During the first meeting of the members (LLC) or Board of Directors (Corporation), it is common for a business to establish a board resolution top open a bank account. A banking resolution is often one of the most necessary, as a business cannot generally create a bank account without one.

Depending on the rules of the bank, you may be required to fill in an additional proprietary form before creating a business bank account. Either way, it is always a good idea to prepare a corporate resolution to open a bank account to add to the record of approved business activities.

WHEREAS, the Board of Directors has determined it to be in the best interest of the Corporation to establish a banking resolution with BANK, be it:

RESOLVED, that the Corporation execute and deliver to said bank a duly signed original of the completed banking resolution as is annexed thereto, and that the authority to transact business, including but not limited to the maintenance of savings, checking and other accounts as well as borrowing by the Corporation, shall be as contained in said resolution with the named officers therein authorized to so act on behalf of the Corporation as specified hereto.

The undersigned hereby certifies that he/she is the duly elected and qualified Secretary and the custodian of the books and records and seal of COMPANY NAME,a corporation duly formed pursuant to the laws of the state of YOUR STATE and that the foregoing is a true record of a resolution duly adopted at a meeting of the DIRECTORS/MEMBERS and that said meeting was held in accordance with state law and the Bylaws of the above-named Corporation on MEETING DATE,and that said resolution is now in full force and effect without modification or rescission.

IN WITNESS WHEREOF, I have executed my name as Secretary and have hereunto affixed the corporate seal of the above-named Corporation this DAY OF THE WEEK, CURRENT MONTH of CURRENT YEAR.

SECRETARY NAME, Secretary

The purpose of any corporate resolution is to document the actions the board of directors will take on behalf of a corporation. When you create a resolution to open a bank account, you need to include the following information:

  1. The legal name of the corporation
  2. The name of the bank where the account will be created
  3. The state where the business is formed
  4. Information about the directors/members
  5. The date on which the agreement to open a bank account is made
  6. The current day, month, and year when the agreement is signed
  7. Signature and date signed

This resolution must document the actions that are authorized to be taken by the business, and should be stored along with your corporate records.

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