Account Ownership and Survivorship Features Sample Clauses

Account Ownership and Survivorship Features. You may open any account either by yourself (or on behalf of an organization) referred to as a “one owner account,” or with another person or persons as a “multiple owner account.” The ownership and/or survivorship features of all accounts are designated in Part 1 of this contract. The ownership of a member organization account is governed by provision “4.i.” of this agreement and not by provisions “4.a.” through “4.h.” that follow, and is also a one owner account.
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Account Ownership and Survivorship Features. Upon opening an account, you acknowledge that we have ex- plained and that you have indicated your choice for the ownership and survivorship features for that account in Part 1 of this Con- tract. You may open an account either by yourself referred to as a “one owner account,” or with another person or persons referred to as a “multiple owner account.”
Sample 1
Account Ownership and Survivorship Features. When you start an account, you acknowledge that we have explained and you have selected the ownership and survivorship features for that account as reflected in our records. You may start an account by yourself, referred to as a “one owner account,” or with another person or persons, referred to as a “multiple owner account.” You may also start an account as a trustee, custodian, representative payee, VA fiduci- ary, attorney-in-fact, estate representative, guardian, conservator or other fiduciary, as addressed in Provisions 4.d. through 4.i. You understand that it is your responsi- bility, and not our responsibility, to assure that the ownership and survivorship fea- tures of the account(s) you have with us coincide with your financial and estate plan- ning needs. Because you are in control of the ownership and survivorship features of the account(s) with us, you irrevocably waive the right to dispose of the funds in the account(s) with us by will (please see Provision 4.j.).
Sample 1

Related to Account Ownership and Survivorship Features

  • Rights of Survivorship Unless otherwise stated on the Account Card or documented through the Credit Union’s online application and authentication process, a joint account includes rights of survivorship. This means that when one (1) owner dies, all sums in the account will pass to the surviving owner(s). For a joint account without rights of survivorship, the deceased owner’s interest passes to his or her estate. A surviving owner’s interest is subject to the Credit Union’s statutory lien for the deceased owner’s obligations and to any security interest or pledge granted by a deceased owner, even if a surviving owner did not consent to it.

  • Survivorship The respective rights and obligations of the parties hereunder shall survive any termination of this Agreement to the extent necessary to the intended preservation of such rights and obligations.

  • NO RIGHT OF SURVIVORSHIP NON-TRANSFERABILITY You acknowledge, understand and agree that your account is non-transferable and any rights to your ID and/or contents within your account shall terminate upon your death. Upon receipt of a copy of a death certificate, your account may be terminated and all contents therein permanently deleted.

  • Transfer Limitations We may limit the dollar amount or the number of transfers from your account. Please consult your Truth-in-Savings Disclosure or your Electronic Fund Transfers Agreement and Disclosure.

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