Incumbency Certificate

Incumbency Certificate

An official document, issued by a corporation's secretary, listing the names and positions of the corporation's officers. Offices listed on the incumbency certificate usually include the chief executive officer and the chief financial officer. Incumbency certificates are usually available to the public upon request. Some jurisdictions prepare standard incumbency certificate forms that corporate secretaries may fill out.
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TIMING COULD BE A CONCERN: Although various bank authorizations and incumbency certificates are in place, the timing provisions in Basin's dealer and credit facility agreements could provide a limited window for fully accessing bank funds in the very unlikely event of a failed rollover.