Banking Resolution Corporation printable pdf download

BANKING RESOLUTION

CORPORATION

Account opening

Modification

Confirmation number for account application: ____________________

Extracts from the minutes of the meeting of the board of directors of

(Name of corporation or company name)

(hereinafter referred to as the “corporation”).

WHEREAS the corporation wishes to open a Laurentian Bank of Canada (hereinafter the “Bank”) More Interest Savings Account

(hereinafter the “Account”), the aforementioned Account being a savings account that allows only transactions carried out through the

Bank’s LBCDirect Internet Banking Services and more specifically fund transfers between the Account and another account belonging

to the corporation at another Canadian financial institution (hereinafter an “external account”);

WHEREAS a single authorized representative may be appointed as having power to represent the corporation;

It has been resolved that the corporation’s representative authorized to act for the purposes of the Account on behalf of the corporation

be:

(Name of the authorized representative)

(hereinafter referred to as the “authorized representative”).

The authorized representative shall exercise all powers relating to management of the Account and, without limiting the generality of the

foregoing, in particular:

ask the Bank to open the Account, provide LBCDirect Internet Banking Services, provide epost™ services for receiving account

statements in electronic form or provide any other ancillary service for managing the Account offered by the Bank;

link to the Account the external account number ____________________ held at (insert name of financial institution)

________________________________________ having as signatories the following individuals (insert name of signatories):

______________________________ and _______________________;

perform the fund transfer operations and reconcile any account pertaining to its operations;

agree to the terms and conditions pertaining to the operation of the Account, and consent and sign with the Bank any contract,

document or agreement necessary to operate the Account;

borrow money on the credit of the corporation in the form of account overdrafts by means of fund transfers creating such overdrafts

or by the discounting of notes or negotiable instruments made, drawn, signed, accepted or endorsed by the corporation, even if

these overdrafts are unauthorized by the Bank.

To bind the corporation, the representative shall solely exercise his powers.

This resolution shall remain in effect until a written notice of modification from the board of directors is received in an

acceptable form by the Bank.

INTERPRETATIVE CLAUSE: Whenever the context so requires, the singular number shall be interpreted as plural, the masculine

gender as feminine or neutral, and vice versa.

CERTIFICATION AND DECLARATION

I, the undersigned, president or secretary of the corporation, certify that:

the foregoing resolution was adopted by the board of directors in compliance with the letters patent, instruments of incorporation,

by-laws and any other document governing the corporation;

the foregoing resolution is still in effect and no provision not disclosed in writing to the Bank either restricts or limits it.

Signed at

(Signature of the president or secretary of the corporation)

6659A (04-2009)

(Version française : 6659F)

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Banking Resolution Corporation

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