Common use of Account Ownership and Survivorship Features Clause in Contracts

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.

Account Ownership and Survivorship Features. You may open any account either by yourself (or on behalf of an organizationentity) referred to as a “one owner single-party account,” or with another person or persons as a “multiple owner multiple-party account.” The ownership and/or survivorship features of all accounts are designated in Part 1 of this contract. The ownership of a member organization entity account is governed by provision “4.i.4.I.” of this agreement and not by provisions “4.a.4.A.” through “4.h4.” that follow, and is also a one owner account.