Board Resolution Format for Removal of Authorised Signatory

BOARD RESOLUTION: REVOCATION OF AUTHORIZED SIGNATORY AUTHORITY

Document ID: BR-REV-202X-001
Effective Date: [Date]
Version: 1.0
Governing Jurisdiction: [State/Country of Incorporation]

STATUTORY & LEGAL COMPLIANCE NOTICE

DISCLAIMER: This document is provided for professional informational purposes and constitutes a legal template. It does not constitute specific legal advice. Corporate bylaws and applicable statutes (e.g., Delaware General Corporation Law, Companies Act, etc.) may impose unique procedural requirements for the removal of officers or signatories. Users are strongly advised to have this document reviewed by local counsel to ensure full compliance with the entity’s specific Articles of Association and internal governance policies before execution.

1. CORPORATE IDENTIFICATION & RECITALS

WHEREAS, [Company Full Legal Name] (the "Company"), a corporation organized and existing under the laws of [Jurisdiction], is managed by its Board of Directors (the "Board");

WHEREAS, the Board has determined that it is in the best interest of the Company to revoke the signing authority previously granted to the individual identified below;

NOW, THEREFORE, BE IT RESOLVED, that the Board of Directors of the Company adopts the following resolutions.

2. OPERATIVE CLAUSES & REVOCATION

Section 2.1: Revocation of Authority Effective as of [Date] (the "Termination Date"), all authority, power, and capacity previously granted to [Name of Person Being Removed] (the "Removed Signatory"), currently holding the title of [Title], to act as an authorized signatory, agent, or representative of the Company is hereby formally revoked, rescinded, and terminated in its entirety.

Section 2.2: Cessation of Representation The Removed Signatory is hereby stripped of all authority to execute contracts, agreements, checks, promissory notes, wire transfers, or any other binding legal or financial instruments on behalf of the Company. This revocation applies to all bank accounts, investment portfolios, government agencies, and third-party vendor relationships associated with the Company.

Section 2.3: Notice to Third Parties The Board hereby authorizes the Corporate Secretary or [Authorized Executive Title] to provide formal written notice of this resolution to all financial institutions, regulatory bodies, and material counter-parties, including [Client Full Legal Name], that the Removed Signatory no longer possesses the authority to bind the Company.

Section 2.4: Surrender of Instruments The Removed Signatory shall, upon the date hereof, immediately cease the use of any company-issued seals, digital signature tokens (e.g., DocuSign keys), corporate credit cards, or physical documents containing the Company's signature authority.

3. MISCELLANEOUS PROVISIONS

Section 3.1: Governing Law This Resolution shall be governed by, and construed in accordance with, the internal laws of [Jurisdiction] without regard to conflict of law principles.

Section 3.2: Entire Agreement This document constitutes the entire resolution of the Board regarding the subject matter hereof and supersedes all prior authorizations, resolutions, or informal delegations of authority related to the Removed Signatory.

Section 3.3: Severability If any provision of this Resolution is held to be invalid or unenforceable by a court of competent jurisdiction, the remaining provisions shall continue in full force and effect to the maximum extent permitted by law.

4. EXECUTION & SIGNATURE BLOCKS

CERTIFICATION: I, [Name of Secretary/Chair], hereby certify that the foregoing is a true, correct, and complete copy of the resolution adopted by the Board of Directors of [Company Full Legal Name] at a meeting held on [Date], at which a quorum was present and voting.

FOR [COMPANY FULL LEGAL NAME]: Signature: _____________________________________ Printed Name: [Name of Chair/Secretary] Title: [Title / Role] Company: [Company Legal Name] Date: [Date]

5. STEP-BY-STEP EXECUTION & FILING GUIDE

1. Preparation: Open this document in a word processor. Perform a "Find and Replace" for all bracketed terms (e.g., [Company Full Legal Name]) with your specific entity data.
2. Board Verification: Ensure that this resolution is passed according to your Bylaws. Verify if a simple majority or a supermajority vote is required for the removal of an authorized signatory.
3. Meeting Minutes: Attach this resolution as an "Exhibit" to the official Board Meeting Minutes for the date of the meeting.
4. Digital Execution: Upload the finalized document to your e-signature platform (e.g., DocuSign, Adobe Sign). Use the "Recipient" field to route the document to the Board Chair or Corporate Secretary.
5. Bank/Third-Party Notification: Once signed, generate a "Certified Copy" of this resolution. Submit this certified copy immediately to your corporate bank’s relationship manager and key counter-parties to update their Authorized Signatory Lists.
6. Record Retention: Maintain the signed digital original in your corporate minute book or secure digital document management system for a minimum of seven (7) years or as required by your corporate record retention policy.