Document background
A Board Resolution To Change Bank Signatories is a crucial corporate governance document used when a company needs to modify its authorized representatives for banking operations. This document is particularly important in the Netherlands, where it must comply with the Dutch Civil Code and banking regulations. It is typically required when there are changes in company management, when existing signatories leave the organization, or when the company wishes to modify its banking arrangement structure. The resolution must be drafted in accordance with the company's articles of association and should clearly specify the scope of authority, any limitations on signing powers, and whether signatories can act individually or jointly. Banks in the Netherlands require this formal resolution along with supporting KYC documentation before implementing any changes to signature mandates.
