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#1048766 - 09/23/08 09:21 PM Dormant Signature Cards
MHuff Offline
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MHuff
Joined: Nov 2006
Posts: 218
LA
We hold our dormant signature cards under dual control. Is this a requirement, or is it a "best practice" determined by the bank?
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#1048767 - 09/23/08 09:23 PM Re: Dormant Signature Cards MHuff
Andy_Z Offline
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Andy_Z
Joined: Oct 2000
Posts: 27,590
On the Net
I don't have any cite as a backup, but I believe it is a common security procedure to protect those funds. I don't believe it is a regulatory requirement, but a best practice.
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#1048788 - 09/23/08 09:42 PM Re: Dormant Signature Cards Andy_Z
MHuff Offline
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MHuff
Joined: Nov 2006
Posts: 218
LA
Thanks!
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#1049983 - 09/25/08 01:27 AM Re: Dormant Signature Cards MHuff
Dazed and Confused Offline
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Dazed and Confused
Joined: Feb 2006
Posts: 250
Big XII South
Agree with the AZ.

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