Corporate Resolution: A written document adopted by the corporation's board of directors identifying the corporate officers who have the authority to sell, assign, and transfer securities held in the name of the corporation.
Corporate Resolution
A document in which a corporation's board of directors states who is authorized to act on behalf of the corporation.
See: Corporate Charter; Corporation; Director ...
CORPORATE RESOLUTION " A document stating that the corporation's board of directors has authorized a particular individual to act on behalf of the corporation. This document is necessary when the corporation opens a cash or margin account.
corporate resolution
legal document adopted by a corporation's board of directors and signed by the corporate secretary, specifying who may sign checks, borrow money, and otherwise do business with a bank.
Corporate Resolution - Is a document which empowers and lists which individuals and departments can trade, invest, speculate, or hedge on the behalf of the corporation. Resolutions are passed on a case-by-case basis unlike the Corporate Charter.
A corporate resolution is required to open the account in order to document the individual(s) within the corporation having trading authority on the account, and to set investment policy limits for those individuals.
Right attending the ownership of most common stock to vote in person or by Proxy on corporate resolutions and the election of directors. See also Nonvoting Stock.
Law Dictionary:
Voting Right
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