Log in

View Full Version : Seizure of checking account because of auth. Signature


togo1982
Oct 5, 2009, 03:49 PM
If a business checking account adds an authorized signature for check writing, and that authorized signature person has a judgement against them, may the business checking account be seized/frozen even though it is not that persons personal account, it is a corporate account. The person only has check writing authority.

Thank you

ScottGem
Oct 5, 2009, 03:50 PM
No, the person would have to have partial ownership of the account.

togo1982
Oct 5, 2009, 03:59 PM
Scott,

Thank you for confirming what I had hoped would be true.