We have been requesting OAs from customers opening LLCs. They can be quite long and most of it doesn't pertain to anything the Bank needs to worry about. Does anyone know if there is another document we can request (something similar to an affidavit of trust) that only discloses the parts of the OA banks need?

Thank you and happy Friday!

In my home state, an LLC isn't even required to have an operating agreement. If the LLC decides to have one, it will address anything and everything the members want it to address.

The question back to the bank that is requesting it is: What, exactly, is it that you are looking for? On the lending side there should be clear answers like "borrowing authority" and the "authority to pledge collateral." On the deposit side there should still be an answer, but you're going to need to figure out what it is.