Law Firm Board Resolution Amending the Signing of Checks
[Month, Day, Year]
Resolution Number: [Unique Resolution Number]
WHEREAS, it is necessary for [Your Company Name] ("the Firm") to ensure efficient and secure financial transactions;
WHEREAS, the Board of Directors ("the Board") recognizes the importance of establishing clear protocols for the signing of checks;
WHEREAS, the Board deems it prudent to amend the current policy regarding the signing of checks to enhance internal controls and streamline financial processes;
NOW, THEREFORE, be it resolved that the following amendments to the Firm's policy on signing checks are hereby approved:
Authorization for Signatories: The following individuals are authorized to sign checks on behalf of the Firm:
Dual Signature Requirement: Checks issued by the Firm must be signed by at least two authorized signatories, with the exception of electronic transfers, which may be authorized by a single signatory in accordance with the Firm's electronic banking procedures.
Limitation on Signing Authority: No signatory shall have unilateral authority to sign checks exceeding a predetermined monetary threshold without prior approval from the Board.
Recordkeeping: The Finance Department shall maintain accurate records of all checks issued, including details of the signatories, payees, amounts, and purposes of payment.
Review and Audit: The Board shall conduct periodic reviews and audits of the Firm's check signing procedures to ensure compliance with this resolution and applicable laws and regulations.
RESOLVED FURTHER, that any prior resolutions or parts thereof inconsistent with the provisions of this resolution are hereby repealed or modified to the extent of such inconsistency.
FURTHER RESOLVED, that the Secretary of the Firm is hereby authorized and directed to take all actions necessary to implement this resolution, including but not limited to the dissemination of this resolution to relevant stakeholders.
CERTIFICATION
I, [Your Name], certify that I am the duly appointed Secretary of [Your Company Name] and that the foregoing is a true and correct copy of a resolution duly adopted at a meeting of the Board of Directors held on [Month, Day, Year], and that such meeting was held in accordance with the Bylaws of the Firm and applicable law.
Executed on this [Day] of [Month, Year].
[Your Name]
Secretary
Approved and Adopted this [Day] of [Month, Year].
[Name of Board Chair or President]
Attest:
[Complete Name]
[Job Title]
[Your Company Name]
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