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#113329 - 09/09/03 02:15 PM Partnership Account
Anonymous
Unregistered

I'm not too familiar with partnerships. I have a customer who opened a DDA acount for XYZ Delopment Group Corp. He then opened another DDA account for ABC Shopping Center , LTD. The ABC account is a partnership. However, the partner to ABC is XYZ Development Group Corp. I'm not exactly sure how the signature card for ABC Shopping Center should read. Any suggestions??

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Operations Compliance
#113330 - 09/09/03 02:26 PM Re: Partnership Account
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 40,086
Cape Cod
It appears you have a limited partnership in which XYZ is the general partner. The signer on the limited partnership should be XYZ Development Group Corp., General Partner, by (authorized signer).
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John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
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