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I wouldn't think so, because the whole idea of a corporation is that it is a separate entity unto itself. Example: the shareholders/officers of the corporation are not personally liable for the debts of the corporation. Therefore, why would the corporation be liable for the debts of the officers/shareholders?
Ulises Murazik
Wiki User
∙ 16y agoBank can not freeze account without prior intimation to the account holder. But they have legal right to freeze the account under certain circumtances such as directive from Govt. dept. or court order etc.
Tamila Knox
Wiki User
∙ 16y agoYes. Banks reserve the right to freeze funds to wait for checks and other items to clear the account. They often do this when you ask for the account to be closed. They can also do this when they receive an order from a court or other official to garnish the account, such as in the case of a judgment, child support order, tax lien seizure, federal or state-ordered property seizure under drug forfeiture laws, and probate court in the event that you have died without benefit of a will.
Wiki User
∙ 13y agoIt depends:
a. If your account was closed because of insufficient balance being maintained or frequent bounced check issues etc., the bank would send you a notification letter and close the account.
b. If your account is suspected of terrorist or money laundering activity, then the bank reserves the right to close or block your account without intimating or notifying you. It is perfectly legal and by the law. The offending customer should not be informed when the bank takes such an action.
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Why bank close a bank account without reason?
Because they want to hahahahahah :)
In North Carolina can a bank charge fees without notification?
any bank can as long as there is good reason, or as long as it is written in their fee description for the account.
Can bank close account without informing you?
no it is not possible without informing some sone.
Can a bank freeze a joint account without notification to both parties?
Generally a bank will notify both parties of the issue before freezing account. However, if they feel that it is fraud related they do not have to notify either parties before freezing the account.
Request to Close a Fraudulent Bank Account?
Get StartedIf you discover an account has been opened in your name without your authorization, you should contact the bank to close the account. The letter simply states that the account has been opened fraudulently (or without your permission) and asks the bank to close the account.Note: You should contact the bank immediately and use this letter as a follow-up. If you choose not to call first, this letter can be used as a first contact with the bank.
Can someone else close a checking account without premission?
No. A checking account can be closed only by the individual who holds the account. He/she needs to visit the bank and sign the account closure form in order to close their bank account. No one else can do that. But, if the account holder has given the legal power of attorney to another individual, he can act as a proxy for the customer and close their bank account.
Close a bank account that is frozen?
If a bank account is frozen, it can be closed by visiting the bank. A person can also close their bank account by calling the bank and speaking with a representative.
Can a manager from a FSB bank close your account without notice due to an argument?
Not legally.
Can a bank stop you from closing an account?
If the account is in debt you cannot close the account without settling (paying off) the balance. Otherwise it is your right to decide on whether you want to keep the account or close it.
How did you close your account at axis bank?
You can close a bank account by visiting your bank branch and providing your identification. you can submit a written request to close the account and surrender your check book, ATM card etc. Once the bank is satisfied with all the requisite formalities, they can close your account and pay you the money you held in your account.
Can a creditor garnish your bank accounts in Fl without notification?
The only way your bank account can be garnished--is if there is an court order. If they took you to court and receive a judgment against you, yes they can garnish your wages. Also, if you were summon to court but did not show up, it will be judgment by default and your wages and bank account can be garnised.
Can a person close a bank savings account not in their name?
A bank account can be closed only by the individual who holds the account. He/she needs to visit the bank and sign the account closure form in order to close their bank account. No one else can do that. But, if the account holder has given the legal power of attorney to another individual, he can act as a proxy for the customer and close their bank account.
