Whether or not the second sentence is included in the certification statement, the bank is responsible for recognizing events that might trigger the need for a recertification. I, too, like the second version, but I don't think it gives the bank an "out" if it fails to require a new certification if, for example, one of the beneficial owners of a business sells their interest to someone else, when that new owner is added as an authorized signer and the old owner is dropped as an authorized signer.
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John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8