Legal Question in Business Law in Tennessee

Can bank deduct funds from a corporations account that individual is signer on if one of its officers has a personal account with same bank and has charges associated with overdrafts etc on personal account.


Asked on 5/24/11, 2:43 pm

1 Answer from Attorneys
Kevin B. Murphy Franchise Foundations, APC

As a Franchise Attorney I can say the answer is most likely no. Unless the personal account has been linked to the corporate account, with the appropriate consents, etc. Consult with a good business or franchise attorney in your area for specific advice.

Mr. Franchise - Kevin B. Murphy, B.S., M.B.A., J.D.

Franchise Foundations, a Professional Corporation

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Answered on 5/25/11, 7:08 am


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