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Can Shareholders Access Dormant Company Bank Accounts?

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Shareholders typically cannot access a dormant company bank account directly, as they do not have the legal authority to manage or withdraw funds unless they hold a specific power of attorney or are also directors of the company. When a company becomes dormant, it is usually because there is no ongoing business activity, and the company’s accounts are no longer in regular use. In most... https://xactaccountants.co.uk/dormant-accounts/

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