I am a partner in a small business with one other person. We opened a bank checking account (registered as a LLC) about a year ago, the account has only two signers as we are both 50% owner in the business. The business has the misfortune of falling victim to today's economy, and I must take my losses and move in another direction. After speaking with my partner, we decided to meet and decide which course of action needed to be taken. To my utter surprise; my partner went to our bank and removed my name from our accounts and I am not able to obtain ANY info on said account. IS this legal? It would seem to me that the account would have to be closed and the partnership dissolved. I am 50% owner in this business how can one person remove the other when we have both signed the resolution? Do I have any recourse with this bank, doesn't the Federal Reserve bank have some sort of governing regulations pertaining to this? Any assistance would be greatly appreciated!
Thank you...
