Incumbency Certificate
Categories: Banking, Board of Directors, Incorporation
If you wanted to take over Disney, you couldn’t just walk up to the guy in the Goofy costume outside the Small World ride and start negotiating.
There are certain people who can make deals for a company. An incumbency certificate provides a breakdown of these heavy hitters.
The document lists board members and officers for a company. Sometimes, it will note large shareholders as well.
An incumbency certificate works kind of like your birth certificate or social security card if you’re getting a passport. It’s an official document that lets people know they're talking to a person authorized to conduct the business at hand.