State Corporate Laws: State-specific corporate legislation governing corporate actions and authority, including requirements for board resolutions and corporate decision-making
Bank Secrecy Act: Federal law requiring financial institutions and their customers to assist government agencies in detecting and preventing money laundering, including specific requirements for account closures
Articles of Incorporation: Company's founding document that may contain specific requirements for corporate actions and board authority
Corporate Bylaws: Internal governing document specifying procedures for board resolutions, required quorum, and voting requirements
Federal Reserve Regulations: Federal banking regulations that may impact the process of closing bank accounts, particularly for larger transactions
FDIC Requirements: Federal Deposit Insurance Corporation requirements for account closures and fund protection
Securities Exchange Act: Federal regulations applicable to publicly traded companies regarding corporate actions and disclosures
Internal Revenue Code: Federal tax law requirements for record-keeping and reporting related to bank account closures
State Authentication Requirements: State-specific requirements for authenticating corporate documents, including potential notarization requirements
Bank-Specific Procedures: Individual bank's documented requirements and procedures for corporate account closures, including required forms and signatory requirements
Record Retention Requirements: State and federal requirements for maintaining corporate records of bank account closure decisions and related documentation
