Account Ownership. Based upon the type of account ownership that you have designated; the following terms and conditions apply.
Account Ownership. If You own the Assets in the Account together with another person or persons (individually, the "Owner" and collectively, the "Owners"), You agree, jointly and individually, that all Assets in the account are held as Joint Tenants with Rights of Survivorship and not as Tenants in Common. As such, You agree that each Owner is the agent for the other, and that each is authorized to act individually under the terms and conditions of this Agreement, including exercising the authority to receive, deposit, withdraw or transfer Assets held in the Account at any time. Upon the death of one Owner, Assets held in the Account shall become the absolute property of the surviving Owner, and You hereby direct and authorize IDS to recognize the surviving Owner as Owner of the Account. You, the Owner(s) individually and severally hereby agree to indemnify and hold IDS harmless from any liability or damage IDS may incur in complying with the written instructions provided for herein, including the delivery, deposit, withdrawal, pledging or transfer of the Assets held in the Account, including reasonable attorney's fees and costs. You, the Owner(s) further agree the terms outlined herein shall inure to, and be binding upon each of your heirs, executors, assigns and administrators, as well as to and upon yourselves.
Account Ownership. The form of ownership of your account is designated on the signature card or our other deposit account records. We may rely on this designation for all purposes concerning your account. If for some reason you have not signed a signature card or we do not have your signature card, we will not be liable to you for honoring checks or other signed instructions if we believe in good faith that the signature appearing on such checks or instructions is authorized. We make no representations as to the appropriateness or effect of the ownership and beneficiary designations, if any, specified on your account records, except as they determine to whom we pay account funds. If two or more persons desire to establish a joint account with us, each person must sign the signature card. For your convenience, we may allow you to establish a joint account, even if only one joint account owner signs the signature card. If we allow you to do this, you agree to indemnify and hold us harmless from and against Losses we may incur, or other harm arising from, or in any way relating to, establishing your joint account without having a signature card signed by another joint account owner. By transacting any business on the joint account, a joint account owner who has not signed your account’s signature card agrees to be bound by this Agreement. If any joint account owner has not provided us with a signed signature card, your joint account may not qualify as a joint account for purposes of federal deposit insurance coverage or under Applicable Law concerning inheritance or the transfer of property upon death. We reserve the right to refuse to pay or honor checks and other orders of withdrawal signed by a joint account owner who has not signed your account’s signature card. We may, in our sole discretion, convert your joint account into an individual account.
Account Ownership. You may open an account in your name alone, or with one or more other parties. Following is a brief summary of the general forms of account ownership available at NewBank. Note: Because decisions concerning whether an account should be held in a particular capacity may have significant legal, tax and estate planning consequences, consultation with your attorney or tax advisor is recommended.
Account Ownership. Account selection is made on the application. The type of account you select may determine how property passes on your death. Your Will may not control the disposition of funds held in some of the following accounts.
Account Ownership. Notwithstanding anything else in this Exhibit or the Agreement, i) the Legal Guardian may take over as Account Owner with respect to the Newborn Stem Cells at any time before the Child reaches the age of majority by executing a new ViaCord Services Agreement, and ii) the Child may take over as Account Owner with respect to the Newborn Stem Cells at any time after reaching the age of majority by executing a new ViaCord Services Agreement.
Account Ownership. You agree that you are opening an Account with us for personal, family or household purposes, and not for business purposes.
Account Ownership. Accurate Information You represent that you are the legal owner of the accounts and other financial information that may be accessed via Mobile Banking. You represent and agree that all information you provide to us in connection with Mobile Banking is accurate, current and complete, and that you have the right to provide such information to us for the purpose of operating Mobile Banking. You agree to not misrepresent your identity or your account information. You agree to keep your account information up to date and accurate.
Account Ownership. We will treat this Account as an individually-owned account. You may not add a joint-owner to your Account.
Account Ownership. If You deposit and hold Precious Metals in an Account together with another person or persons (individually, the “Owner” and collectively, the “Owners”), you agree, jointly and individually, that each Owner is the agent for the other, and that each is authorized to act individually under the terms and conditions of this agreement, including exercising the authority to receive, deposit, withdraw or transfer the Precious Metals held in the Account at any time. The parties may amend this Agreement to add other persons who were not listed in the originally executed agreement. If there is more than one owner of the Account, You are jointly and severally (in Québec, solidarily) liable to us for your obligations hereunder and you acknowledge that you own the Account jointly and, upon the death of one joint owner, all rights in the Account and the Account assets pass to the survivor(s) unless otherwise specified. Notwithstanding the foregoing, your ownership interest may pass in accordance with other legal documentation provided that it is in satisfactory form and is provided to us prior to transmission or payment of your interest. Upon the death or incompetence of an Owner, any and all acts performed by SM hereunder prior to the SM’s receipt of written notice of such death or incompetence, at the office where this Agreement is administered, shall be valid and binding upon the Owner and Owner’s successors in interest. If the Owner consists of more than one person, then the death or incompetence of the Owner shall only be deemed to occur if each such person has died or become incompetent. Upon receipt of satisfactory evidence of the death of an Owner and all other documents that SM may reasonably require, SM shall transfer the Account assets, or sell them and pay out the Account proceeds, to such Owner’s legal personal representative. Deductions will be made for all fees, costs and charges that are payable. SM will be fully discharged once SM makes such transfers or payments. SM will not be liable for any loss caused by any delay in making any such transfer or payment.
