The form informs the board members of a company regarding an ESCROW account. ESCROW account is such an account where some documents regarding the subject matter is held in trust as to facilitate a contract between the party and only the eligible party who meets the condition can get the matter of interest. The form provides the name of the board member who looks after all the agreement on behalf of the company. Apart from this, it states the location of the bank where the account is located. The other details of the authorization issues are also there in the form.
Click Here To Download Board Resolution Format for Escrow Account