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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
Mentioned in ?
References in periodicals archive ?
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.
Fitch Affirms Basin Electric Cooperative's Commercial Paper Programs at 'F1'
Forged incumbency certificates are not instructions or advices within meaning of Insuring Agreement D.
He produced two forged "incumbency certificates," which purported to establish his authority to act on behalf of Philip Morris, but he signed his own name to the promissory note and loan documents.
The court observed that because the incumbency certificates did not authorize or acknowledge the transfer of money and did not even mention loans, funds or payments, they could not qualify as "instructions or advices" within the meaning of the bond.
Fraudulent incumbency certificates are not "evidences of debt" within meaning of Insuring Agreement E.
Annual survey of fidelity and surety law, 1999

Financial browser ?
Full browser ?