Business/organization Resolution Of Authority - Hudsonvalley Federal Credit Union
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1
2Member Account Number:
Share ID:_________
Legal Form of Business:
Business/Organization Resolution of Authority
By:
Referred to in this document as Business/Organization.
Federal Tax ID Number
A. I,
, certify that I am
of the above named
Business/Organization organized under the laws of _________________ and that the following is a correct copy of
resolutions adopted at a meeting of this business/corporation duly and properly called and held on
.
B. Be it resolved that,
1) Hudson Valley Federal Credit Union (HVFCU) is designated as the financial institution of the
Business/Organization. FURTHER RESOLVED that HVFCU is hereby directed to accept and pay, without further
inquiry, any item drawn against any Business/ Organization account with HVFCU that bears the signature(s) of
authorized agent(s) identified in this Resolution including any item that has been drawn or endorsed against any
Business/Organization account that is payable to the order of any agent that has been signed or tendered by such
agent for cashing or in payment of the individual obligation of such agent or for deposit to the agent's personal
account. HVFCU shall not be required or be under any obligation to inquire as to the circumstance of the issue or
use of any item signed in accordance with the resolutions contained herein, or the application or disposition of
such item or the proceeds of the item.
2) This resolution shall continue to have effect until express written notice of its rescission or modification has been
received and a reasonable amount of time has passed to permit HVFCU to communicate the rescission to its
branches and departments.
3) Any and all transactions by or on behalf of this business/organization with HVFCU prior to the adoption of this
resolution are hereby ratified, approved, and confirmed.
4) Any of the persons named below are authorized to make any and all contracts, agreements, stipulations, and
orders which they may deem advisable for the effective exercise of the powers indicated below, from time to time
with HVFCU, concerning funds deposited in HVFCU, moneys borrowed from HVFCU, or any other business
transacted by and between this business/ organization and HVFCU subject to any restrictions stated below.
5) The Proprietorship acknowledges that by signing this Sole Proprietorship Authorization Resolution all Authorized
Users of a Business Visa Check Card have read and agree to the terms of the Business Visa Check Card
Agreement.
6) HVFCU is authorized to honor and charge to the business'/organization's account any and all checks, drafts, or
other orders for the payment of money that are drawn on HVFCU, and signed with the mechanical device
signature(s) ("facsimile signature") shown in, or resembling the facsimile signature(s) shown in Section C. The
business/organization expressly assumes all risks involved in the use of this form of signature and relieves
HVFCU from any and all responsibility, whether or not use of the facsimile signature was authorized.
7) The authorized agents shall be and are authorized to enter into one or more agreements with HVFCU to provide
electronic or remote access, by means of the Internet, special software, telephone or any other means deemed
appropriate by the agent, to the business'/organization's account(s) with HVFCU. Notwithstanding anything to the
contrary herein, any ONE (1) of the agents is authorized to utilize any means of electronic or remote access
offered by HVFCU to conduct any and all types of transactions involving the business'/organization's account(s)
with HVFCU that can be transacted via said electronic or remote access. The business/organization expressly
assumes all risks involved in the use of this form of transaction and relieves HVFCU from any and all
responsibility, whether or not use of the electronic or remote access was authorized.
HVFCU Confidential
Page 1
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