Common use of ACCOUNT OPENING REVIEWING AND CHANGE OF ACCOUNT OPENING DATA Clause in Contracts

ACCOUNT OPENING REVIEWING AND CHANGE OF ACCOUNT OPENING DATA. When the Depositor opens an account, he/she/it shall fill out the signature card and the receipt for checks and deliver same to the Bank. After the Bank checks with the Bills Clearing House, the Bank shall deliver blank checks to the Depositor. In the event that the data contained in the signature card is changed, the Depositor shall immediately notify the Bank in writing. If the Depositor intends to change the chop, the Depositor shall fill out a new signature card. In the event that the Depositor which is a legal entity changes its name or its responsible person and fails to comply with the preceding paragraph, and fails to cure such failure within one (1) month after the Bank discovers the failure and so notifies to the Depositor, the Bank may terminate the agreement for checking account transactions and notify the Depositor to close the account.

ACCOUNT OPENING REVIEWING AND CHANGE OF ACCOUNT OPENING DATA. When the Depositor opens an account, he/she/it shall fill out the signature card and the receipt for checks cheques and deliver same to the Bank. After the Bank checks cheques with the Bills Clearing House, the Bank shall deliver blank checks cheques to the Depositor. In the event that the data contained in the signature card is changed, the Depositor shall immediately notify the Bank in writing. If the Depositor intends to change the chop, the Depositor shall fill out a new signature card. In the event that the Depositor which is a legal entity changes its name or its responsible person and fails to comply with the preceding paragraph, and fails to cure such failure within one (1) month after the Bank discovers the failure and so notifies to the Depositor, the Bank may terminate the agreement for checking account transactions and notify the Depositor to close the account.