I owned a business with a business partner, and we are now going through the process of dissolving the business. My business partner had done our Articles of Incorporation back in April of and we opened our business checking account in July. When we went in to open this account, we both signed on the Signature card as "Joint Owner/Other". I had even signed everything on the top line and he signed on the second. Since the reasons we are dissolving the business are legal issues out of my control, my business partner apparently went to the bank and they moved me to a "Signor with Limitations" on this account. I've contacted the branch where this happened and they say it's because of the Articles of Incorporation he showed them! That document is dated 4 months earlier than when we even opened this account! I took the bank 38 pages of documentation that show I am an owner of this business too, but they are stating that what they did was completely legal and my authorization on the account could be changed without my knowledge! Especially given the fact that we are dissolving the business due to fraud/embezzlement issues on his part, it makes me even more nervous to know that this person has full access to these funds, and I don't. I've also asked US Bank if there's a new Signature Card on file, and there's not. Doesn't this seem illegal to anyone???
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