Incumbency certificate

Incumbency certificate,

Definition of Incumbency certificate:

  1. An incumbency certificate (or certificate of incumbency) is an official document issued by a corporation or limited liability company (LLC) that lists the names of its current directors, officers, and, occasionally, key shareholders. It specifies who holds which positions within the organization, and is most frequently used to confirm the identity of individuals who are authorized to enter into legally binding transactions on the company's behalf.

  2. An official document that identifies and authorizes certain individuals to execute binding agreements on behalf of the corporation. The certificate acts as confirmation that the individual does in fact have that authorization to make binding agreements, and may be requested by the other party before entering such agreements.

  3. [Important: Outside of the U.S., an incumbency certificate may also be known as a register of directors, certificate of officers, or secretary certificate.].

Meaning of Incumbency certificate & Incumbency certificate Definition