Sometimes companies have to change their authorized signatories for different reasons. And when such a change is made, you are suppose to be informing your bank about it. Writing a letter to changeauthorized signatory to the bankis a formal way of informing them about this rece...
for the benefit of any [committee member]*, employee, authorised signatory or individual order of any signing person without the Bank having to enquire into the circumstances or being liable in any way in respect of such payment and the Bank be and is authorised to...