Historical Resolution Tracking Feature » 1998-10-25 - BANK RESOLUTIONS

Important note: The explanatory text provided through this database (including the summary, implementation actions, identification of related resolutions, and additional information) is an interpretation or an explanation that has no official authority and does not represent the purpose behind the Board actions, nor does any explanations or interpretations modify or override the Resolutions themselves. Resolutions can only be modified through further act of the ICANN Board.

1998-10-25 - BANK RESOLUTIONS

Resolution of the ICANN Board
Topic: 
Bank Accounts
Summary: 

Authorized opening of bank accounts and accepting of funds.

Category: 
Administration and Budget
Meeting Date: 
Sun, 25 Oct 1998
Resolution Number: 
98.10
URL for Resolution: 
http://www.icann.org/en/minutes/minutes-25oct98.html
Status: 
Complete
Implementation Actions: 
  • Open bank accounts and related activities.
    • Responsible entity: ICANN Officers
    • Due date: None provided
    • Completion date: Completed
Resolution Text: 
p>RESOLVED, that each of the officers of the Corporation be, and they hereby are, authorized, empowered and directed to open one or more bank accounts in the name and on behalf of the Corporation in such bank or banks or trust company or trust companies as he may select and to prepare, execute and deliver in the name of and on behalf of the Corporation such documents or instruments as may be necessary to open such account or accounts.

FURTHER RESOLVED, that the officers of the Corporation are authorized to accept donations and other funds on behalf of the Corporation.

FURTHER RESOLVED, that any such depository to which a copy certified by the Secretary or any Assistant Secretary of the Corporation of these resolutions shall have been delivered shall be entitled to rely thereon for all purposes until it shall have received written notice of the revocation or amendment of these resolutions by the Board.

FURTHER RESOLVED, that any form of specific resolution required by any such bank, trust company or other similar institution to establish an account, as appropriately completed and executed by any officer of the Corporation, is hereby adopted, and that the Secretary (or, if there is no Secretary, by an Assistant Secretary) is authorized to certify such resolutions as so completed as having been adopted by this written consent, a copy thereof to be filed with the minutes of the Corporation.

Other Related Resolutions: 
  • TBD
Additional Information: 
  • No additional funding provided.