Skip to content

Deceased Corporate CD Signer-Adding Signers

Answered by: 

A corporate CD signer passed away. The daughter and son would like to be added to said CD. On the State of Florida's Division of Corporations web site, both son and daughter are registered for the corporation. The daughter shows as a registered agent, and the son as officer/director plus there is a third person who is also as officer/director. Can we add the daughter and son as signers on CD? Do we have to add the third person as well, or does a court document and/or trust need to be presented showing son/daughter/3rd person as either owners/trustees before adding the names?

No. Corporations act by resolution. You need a copy of a resolution from the corporation authorizing an individual to take the specific action sought on behalf of the corporation.

A "registered agent" is not a corporate officer. He or she is just the person to whom legal process involving the corporation is to be sent. Actually being a corporate officer does not imply a power to act on behalf of a corporation.

First published on 02/04/2018

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics