Factoring Company- Glossary > Factoring Terms > Corporate Resolution

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A corporate resolution is a legal document that will be voted on or has been voted on at a meeting of the board of directors for a corporation. The resolution could be on just about any subject. One common subject, because it is required by banks and securities firms to open accounts, is to define which individuals are authorized to act on behalf of a corporation.

Last updated on September 26, 2009 by FACTOR KING, LLC