We have a city treasurer that facilitates the changing of signatures on the many checking accounts that the City has with us. She argues that they are exempt from having to produce board minutes or any written documentation for the signers to be changed. I can't find anything to support this claim. Please help.
thank you, Tammy

There are no federal legal requirements that you obtain board minutes or documentation in support of changes in signatories. It's purely a matter of due diligence as implemented by bank policy. Accordingly, the only source of "exemption" is your bank.

Giving the Treasurer the benefit of the doubt, it's possible that other banks have told her the municipality is not subject to CIP. That's true, but irrelevant to documents demonstrating who has authority over the account.

This is an odd source of resistance; such meetings would generally be "public," and most states have "open record" laws. Generally, anybody could see those minutes and obtain copies.

thank you,
isn't the bank at risk & in compiance violation if we don't get these documents?