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Corporate Resolution To Open Bank Account Template for Netherlands

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Key Requirements PROMPT example:

Corporate Resolution To Open Bank Account

"I need a Corporate Resolution to Open Bank Account for our Dutch subsidiary, authorizing three senior executives as joint signatories with online banking access and the power to open both EUR and USD accounts at ABN AMRO Bank, effective from March 1, 2025."

Document background
A Corporate Resolution To Open Bank Account is a crucial document required by Dutch banks when establishing banking relationships with corporate entities. This formal resolution, governed by Dutch corporate law and banking regulations, demonstrates that the company has properly authorized specific individuals to act on its behalf in banking matters. The document is necessary when a company first establishes a banking relationship, changes authorized signatories, or modifies banking arrangements. It must comply with the Dutch Civil Code (Burgerlijk Wetboek), the Financial Supervision Act (Wft), and relevant EU regulations. The resolution typically results from a formal board meeting and must be properly executed according to the company's articles of association and Dutch corporate governance requirements.
Suggested Sections

1. Company Information: Legal name of the company, registration number, registered address, and date of incorporation

2. Meeting Details: Date, time, location of the board meeting, and confirmation of quorum

3. Resolution Declaration: Statement that the board has resolved to open a bank account

4. Bank Details: Name and branch of the chosen bank where the account will be opened

5. Authorized Signatories: Names, positions, and identification details of individuals authorized to operate the account

6. Signing Powers: Specification of signing limits and whether single or joint signatures are required

7. Banking Powers: List of specific actions the authorized persons can take regarding the account

8. Certification: Statement certifying that the resolution was properly passed and recorded

9. Execution: Space for required signatures of board members/company secretary

Optional Sections

1. Multiple Account Authorization: Additional section when authorizing multiple accounts or different types of accounts

2. Online Banking Authorization: Specific provisions for digital banking access and authorities

3. Special Instructions: Any specific requirements or restrictions for account operation

4. Foreign Currency Accounts: Additional provisions when authorizing foreign currency accounts

5. Borrowing Powers: If the resolution includes authorization for overdraft or lending facilities

Suggested Schedules

1. Schedule A - List of Authorized Signatories: Detailed information about each authorized signatory including full name, position, specimen signature, and contact details

2. Schedule B - Signing Matrix: Detailed breakdown of transaction limits and required signature combinations

3. Schedule C - Board Meeting Minutes Extract: Certified extract of the board meeting minutes where the resolution was passed

4. Appendix 1 - Identification Documents: Copies of required identification documents for authorized signatories

5. Appendix 2 - Company Registration Documents: Copies of company registration certificate, articles of association, and other relevant corporate documents

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
























Clauses

















Relevant Industries

Banking and Financial Services

Corporate Services

Manufacturing

Retail

Technology

Healthcare

Real Estate

Professional Services

Construction

Energy

Transportation and Logistics

Agriculture

Education

Non-Profit Organizations

Entertainment and Media

Relevant Teams

Legal

Finance

Treasury

Corporate Governance

Compliance

Board of Directors

Company Secretariat

Corporate Administration

Risk Management

Banking Operations

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Finance Director

Company Secretary

Board Member

Managing Director

Treasury Manager

Financial Controller

Legal Counsel

Corporate Governance Officer

Compliance Officer

Account Manager (Bank)

Banking Relationship Manager

Corporate Services Manager

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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