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GERMAN EDUC. TELEVISION NETWORK, LTD. v. BANKERS TRUST CO.

109 A.D.2d 684 (1985)

German Educational Television Network, Ltd., Respondent, v. Bankers Trust Company, Appellant

Appellate Division of the Supreme Court of the State of New York, First Department.

March 26, 1985

It is undisputed that pursuant to corporate resolution two signatories were required by plaintiff-respondent for payment of checks over $1,000. Therefore, payment by defendant-appellant of a check for $18,000 with only one signatory was clearly improper. (Tonelli v Chase Manhattan Bank, 41 N.Y.2d 667; Jewett v Manufacturers Hanover Trust Co., 48 Misc.2d 1094; UCC 4-401.)

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