Definition. A written legal document, issued by the board of directors of a corporation, documenting a binding decision made on behalf of the corporation.The corporate resolution will be adopted at a board meeting, and can be found in the minutes of the meeting detailing the decisions made by the board. written legal document, issued by the board of directors of a corporation, documenting a binding decision made on behalf of the corporation. The corporate resolution will be adopted at a board meeting, and can be found in the minutes of the meeting detailing the decisions made by the board.
Ryan Howard. Hello Lanne, Generally speaking, if the criminal record resulted in a conviction, it can still show on a background check beyond 7 years. (Under the Federal FCRA, it is only Non-conviction records that are restricted from being shown after 7 years). Hope this helps.
But if it's a credit card debt, they may not have any legal recourse except to report it to credit agencies. This will always be on your credit report. For life. A company can go back as far as they want on your credit history. Most go back 7 years. If your buying a house, they go back a lot further!   From an accounting point of view, the debtor (Debtor A) will try to collect on a debt for a certain specified amount of time.