Document background
A Board Resolution Closing Bank Account is an essential corporate governance document used when a company needs to formally authorize the closure of its banking accounts in Switzerland. This document is typically required when a company is restructuring its banking relationships, closing dormant accounts, completing a corporate dissolution, or relocating banking services. The resolution must comply with Swiss corporate law requirements and should include specific details about the board meeting, the account(s) to be closed, and the individuals authorized to execute the closure. It serves as the bank's official authorization to proceed with the account closure and provides a clear audit trail of the decision-making process. This document is particularly important in the Swiss context, where banking regulations and corporate governance requirements are stringent and require clear documentation of corporate decisions.
