Bank Secrecy Act (BSA): Federal law requiring financial institutions in the United States to assist government agencies in detecting and preventing money laundering, particularly relevant for bank account signatory changes.
USA PATRIOT Act: Federal law with specific provisions regarding identity verification and due diligence procedures for bank account signatories and beneficial owners.
FDIC Regulations: Federal Deposit Insurance Corporation regulations governing bank account management and signatory changes in insured institutions.
UCC Article 4: Uniform Commercial Code Article 4 governing bank deposits and collections, providing framework for bank-customer relationships.
State Corporation Laws: State-specific laws governing corporate operations, including requirements for board resolutions and corporate authority.
Articles of Incorporation: Company's founding document that may contain specific requirements for banking authority and board decisions.
Company Bylaws: Internal rules governing company operations, including procedures for board resolutions and banking authority changes.
Securities Exchange Act 1934: Federal law governing securities trading and corporate governance for publicly traded companies, including disclosure requirements.
Sarbanes-Oxley Act 2002: Federal law establishing enhanced corporate governance standards for public companies, including internal control requirements.
Federal Reserve Requirements: Regulations set by the Federal Reserve Board governing banking operations and account management.
OCC Regulations: Office of the Comptroller of the Currency regulations governing national banks and their account management procedures.
KYC Requirements: Know Your Customer regulations requiring banks to verify the identity of account signatories and maintain accurate records.
CIP Requirements: Customer Identification Program requirements mandating specific procedures for verifying the identity of individuals with banking authority.
Beneficial Ownership Rules: Federal regulations requiring disclosure and verification of beneficial owners in certain banking relationships.
Corporate Governance Rules: Requirements for board meetings, quorum, and voting procedures as specified in company bylaws and applicable laws.
