Corporate resolution

Definition

A written legal document, issued by the board of directors of a corporation, documenting a binding decision made on behalf of the corporation. The corporate resolution will be adopted at a board meeting, and can be found in the minutes of the meeting detailing the decisions made by the board.

Also refers to a document signed by corporate officers, authorizing to a bank those who can access corporate funds, sign checks and acquire loans on behalf of the corporation.

See also

  • [[wex:Board of Directors]]
  • [[wex:Corporate Officers]]