Common use of Account Statement Clause in Contracts

Account Statement. The Cooperative will send to the Depositor a monthly statement of account reflecting the activity of his account during the period covered by the statement. The statement of account will reflect the prior balance, the deposits and withdrawals made during the period covered by the statement, the charges made to the Account, the interest earned, if any, the current balance and any other information that the Cooperative deems appropriate. With the statement of account, the Cooperative will enclose the checks honored by the Cooperative and any other evidence of charges to the Account during the period covered by the statement. In the absence of a written notice to the Cooperative objecting to any deposit or withdrawal allegedly made, within sixty (60) calendar days following the date when the statement is sent, or is personally delivered to the Depositor, the statement will be considered correct in its entirety and accepted by the Depositor, who waives any right of contesting the statement once the aforementioned period has elapsed. Not raising in writing any objections within the aforementioned period will release the Cooperative from any liability.

Account Statement. The Cooperative will send to the Depositor a monthly statement of account reflecting the activity of his account during the period covered by the statement. The statement of account will reflect the prior balance, the deposits and withdrawals made during the period covered by the statement, the charges made to the Account, the interest earned, if any, the current balance and any other information that the Cooperative deems appropriate. With the statement of account, the Cooperative will enclose the checks honored by the Cooperative and any other evidence of charges to the Account during the period covered by the statement. In the absence of a written notice to the Cooperative objecting to any deposit or withdrawal allegedly made, within sixty (60) calendar days following the date when the statement is sent, or is personally delivered to the Depositor, the statement will be considered correct in its entirety and accepted by the Depositor, who waives any right of contesting the statement once the aforementioned period has elapsed. Not raising in writing any objections within the aforementioned period will release the Cooperative from any liability.. GENERAL CONDITIONS