Corporation, Religious Corporation, and Limited Liability Company Accounts. A corporation, religious corporation, or limited liability company ("LLC") account is an account opened by and in the name of a corporation, religious corporation, or LLC as indicated in the Account Card. If the account is a corporation, religious corporation, or LLC account, a majority of the shareholders or members must be members of the Credit Union or must be eligible for Credit Union membership. To establish a corporation, religious corporation, or LLC account: (i) a person authorized by resolution must open the account in accordance with the requirements of Paragraph 1 of this Addendum; (ii) you must provide the Credit Union with a tax payer's identification number and if you are a corporation, you must provide the Credit Union with a copy of your Articles of Incorporation, Certificate of Good Standing, and/or Articles of Amendment; if you are an LLC, you must provide the Credit Union with your Articles of Organization and Certificate of Limited Liability; and (iii) you must provide the Credit Union with a resolution on a form provided by the Credit Union, duly executed and certified by all managers of the LLC, the Secretary of the corporation, or all trustees/wardens or vestrymen of a religious corporation authorizing the opening of the account and indicating the persons authorized to transact business on the account. Only persons authorized by resolution may transact business on the account in a manner consistent with the resolution. The Credit Union may act upon the instructions of a person authorized in the resolution to transact business on the account until the Credit Union receives written notice to the contrary and new resolution changing the persons authorized to transact business on the account and has a reasonable opportunity to act. You represent that all requisite action has been taken to open, establish, and maintain the account and that the documents and resolutions delivered to the Credit Union in connection with the account are true, accurate, and complete and may be conclusively relied upon by the Credit Union. You agree to notify the Credit Union in writing in advance of any change in the form of your business or the location or ownership of your business.
