Document background
A Corporate Banking Resolution is essential for companies operating in the Netherlands that need to establish or modify their banking arrangements. This document is required when setting up new banking relationships, changing authorized signatories, or updating banking powers. It must comply with Dutch banking regulations, the Dutch Civil Code, and the Financial Supervision Act (Wft). The resolution typically includes details about authorized persons, their powers, transaction limits, and specific banking activities permitted. It serves as the primary reference document for banks to verify corporate authority and is often requested during account opening, modification of banking services, or when updating signatory rights. The document needs to be properly executed according to Dutch corporate governance requirements and may need to be supported by board minutes or shareholder resolutions.
