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Tina, Lawyer
Category: Legal
Satisfied Customers: 8775
Experience:  JD, BBA Over 25 years legal and business experience.
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One of the members of a Texas LLC has told the corporate

Customer Question

One of the members of a Texas LLC has told the corporate bank officer not to allow the Present of the corporation not to allow other employees to be paid by telling the banker to "freeze" the account. Insufficient checks are being returned to the debtors resulting in the threatened arrest of the corporate Secretary. What causes does the Present have against the bank if the banker refuses to allow the closing of the account. No fraud involved, sufficient funds to pay outstanding. Possibly bankruptcr imminent because of bank actions. All employees resigned because of bankers actions.
An individual liability for two month freeze of approximately $100,000.00 account without court order or lawsuit against bank!
What are your recommendations? Bill Alexander***@******.***
Submitted: 1 year ago.
Category: Legal
Expert:  Phillips Esq. replied 1 year ago.

I am sorry, but I am having trouble understanding your post.

Kindly review, edit, properly identify the parties and your issues, ask specific question(s), and resubmit.

Thank you for your cooperation,

Customer: replied 1 year ago.
What causes of action does the President of a Texas LLC have against the bank or the individual bank officer for wrongfully "freezing" a corporate bank account without legal cause?
Expert:  Phillips Esq. replied 1 year ago.

Kindly provide proper foundation for your question.