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business partner closed banking account

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vryblessd

Junior Member
What is the name of your state? WV

I am in immediate need! I own a corporation, partnering with two other people. We are all on the checking account. My partners have decided to take me off the account, put someone else on, and freeze the account. We have a business loan on our coporation, in which I am the President, they are the V.P and so on. Since I have a obligation to pay on this loan until it is paid off, can my partners legally have me removed from the account? I am the one the is working the business, they are not. I am the primary person responsible for making the payments. How can I make the payments if I have been removed from the checking account and can no longer write checks? On the checking account, my signature card states that I am President of the corporation. Is this legal?

Thanks
 



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