Corporation banking

[teedoubleu]

I am a bookkeeper and my employer has asked me to sign checks for the corporation that employs me. It is a small closely-held corporation. Times are tough so it is possible that a check could bounce. I have been told that I could be personally liable if I signed the bounced check, even though I have no ownership in the company. Is this true?

 

[JR_Gordon]

Hi teedoubleu,

I'm a new member here, and I am not a lawyer. I'm a senior undergraduate looking to go to Law School so please take any information I give with a grain of salt. After doing some research I found some information for you.

Revised Article 3 of the Uniform Commercial Code provides the person with authority to sign checks for a corporation the ability to no longer declare his or her representative capacity on the check. Meaning that the person such as a controller or other representative no longer is personally liable over a NSF check. While this may be true, not all jurisdictions have adopted the Revised Article 3.

I do not claim this information to be accurate and urge you to wait for someone else with more knowledge to answer, or continue to do you own research.

Have a great day,

Jeff

 

[presutin]

The NSF responsibility is going to fall under the company, however, if you have any ownership on the company, then yes, they can come after you.

 

[elliotclark]

the Nsf Responsibility Is Going To Fall Under The Company, However, If You Have Any Ownership On The Company, Then Yes, They Can Come After You.

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