Common use of Ownership of Accounts and Signature Requirements Clause in Contracts

Ownership of Accounts and Signature Requirements. You must provide us with a properly executed resolution, if applicable, and any other documentation, which we may require, confirming the authority of each signer on the Account. We may honor the authorization(s) until we actually receive written notice of a change or termination from your board of directors or other governing body. A new resolution or other documentation of authority satisfactory to us and signature card signed by all authorized and required signers, are required each time a signer is to be added or removed from the Account. The change shall become effective when we update our records to reflect the change. You agree to present identification that is valid and is a type acceptable to Bank to open Accounts and to perform transactions on the Accounts.