Resolution 2018-10-05.mcs.1: Ameriprise banking resolution

This resolution was adopted by the Board of Directors of SPI at their meeting of October 6, 2018.


  1. Software in the Public Interest, Inc. (The corporation) has an account with Ameriprise.

  2. The corporation desires to update its signatories with Ameriprise.

  3. The corporation or entity is duly organized, validly existing and in good standing under the laws of the State of New York, and has adopted the following resolutions as of the date set forth below:


  1. Each authorized signer shall have the authority to sign and transact on behalf of the entity, and to bind and obligate the entity, to the same extent as an account owner would, consistent with the relevant product and account opening documentation and restrictions.

  2. When authorized signers(s) are removed from an Ameriprise ONE(R) Financial Account, the existing authorized signer(s) is responsible for risk associated with existing active cash management features, such as undestroyed checks and bill pay arrangements. Debit cards issued in the name of authorized signer(s) being removed will be closed. The existing authorized signer(s) may request to close this checking account and open a new account to avoid these risks.

  3. When all authorized signers cannot act independently the account is not eligible for Ameriprise ONE(R) Financial Account features. If this request will no longer allow the authorized signers to act independently, the account will be converted to an Ameriprise Brokerage account, all existing cash management features (checking, debit card and bill pay) will be closed.

  4. Ameriprise Financial shall be entitled to rely upon instructions received form each authorized signer to the same extent as if those instructions were provided by the entity.

  5. Despite this authorization, Ameriprise Financial will continue to deliver all confirmations, notices, and demands upon the entity to the address of record on the entity's account.

  6. The entity shall, upon request, promptly furnish Ameriprise Financial with a complete and current copy of the entity's Certificate of Incorporation and By-Laws, or equivalent documents, and all amendments thereto.

  7. This corporate or entity resolution shall remain in full force and effect until written notice of revocation or modification thereof is received by Ameriprise Financial.

  8. This corporate or entity resolution may be executed in multiple counterparts, each of which shall be an original, but all of which together shall be deemed to constitute a single agreement, and submitted at the same time.

  9. Facsimile signatures on the corporate or entity resolution shall be deemed to constitute originals.