What does it mean to bind the company?
Considering this, what is the meaning of BIND account?
Bind to account means you can't trade it to other players, but you can send it in the mail to any of your characters on your server (you can't mail cross server).
Additionally, what does it mean when insurance is bound? Bound. When a person has "bound" insurance coverage, it means that an insurer has temporarily extended him coverage, while the underwriting company is reviewing his application. Applicants are required to pay all of their first premium in order for the bound insurance to become active.
Just so, what does it mean to have authority to bind the corporation?
Authority to Bind. Unless authorized to do so by this Agreement, no Member of the Company (acting in the capacity of a Member) shall have any power or authority to bind the Company in any way, to pledge its credit or to render it liable for any purpose.
Can 1 Director bind a company?
The common law position that authority to bind a company must be conferred by a company's articles of association, is altered by the Companies Act 2006 (CA 2006). Accordingly it seems that a company can be bound to any transaction by a single director who is acting with either: Actual authority given by the board; or.