When a Business Owner Dies, Sells, or Delegates Authority

Authority shifts fast. Risk follows faster. When business ownership or authority changes, your institution needs clear procedures to protect accounts, loans, and itself.

KEY WEBINAR TAKEAWAYS

• Determining authority after death, incapacity, resignation, termination, or sale of a business
• What happens to business accounts and lending relationships when an owner dies
• Loan defaults, guarantor impacts, and how to address collateral concerns
• Handling disputes among heirs, partners, members, shareholders, and authorized signers

BONUS MATERIALS

• Business entity documentation guide

WEBINAR DETAILS

Business accountholders or borrowers frequently change, and some of the highest operational, legal, and fraud risks arise when ownership or authority shifts. Whether a business owner dies, sells the company, becomes incapacitated, steps away from daily operations, or delegates authority to employees, financial institutions are often left navigating competing instructions, documentation concerns, account access disputes, and potential liability exposure. This webinar will help you understand how to respond when business authority changes impact deposit accounts, loans, and accountholder or borrower relationships. Attendees will learn how to evaluate governing documents, identify red flags, manage operational and fraud risks, and implement procedures that reduce institutional exposure.