Board Resolution Regarding Banking and Creation of Operations Fund

About this template:

You can use this template as an example of a document containing details of the decision made to set up a banking account with an operating fund for your company to be signed by the board. The point of a Board Resolution is to address a specific issue that the board needs to decide on. It is a way of documenting a decision made by a Corporation's Board of Directors or Shareholders on behalf of the Corporation in writing. This particular board resolution deals with setting up a bank account with an operating fund for your company. You can see more board resolution templates that you may find useful here https://www.templateguru.co.za/documents/board-resolutions/

Excerpt:

BOARD RESOLUTION OF [YOUR COMPANY NAME] REGARDING BANKING AND CREATION OF OPERATIONS FUND WHEREAS in order to carry out the purposes for which [YOUR COMPANY NAME] was established the Board of Directors (the Board) has determined that it is necessary to establish banking authority in its officers and to create an operations fund;

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