Legal Question in Banking Law in Illinois
Endorsements
I hand wrote my corporations endorsement on the back of a check made out to my corporation. Then I wrote pay to the order of my name and signed it and wrote for deposit only to my personal account. The bank refused to take it. Why?
Asked on 12/02/06, 6:18 pm
1 Answer from Attorneys
Zedrick Braden III
Ainsworth & Associates PC
Re: Endorsements
Hello. Banks can be funny when it comes to
corporate endorsements. If you had a stamp of
the corporate name for the check endorsement, there probably would not have been a problem. With identity theft on the rise, it pays to use
a corporate seal for check endorsements anyway.
Will be happy to answer any additional questions
that you may have.
Answered on 12/03/06, 2:30 am
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