Common use of Accounts for Living Trusts Clause in Contracts

Accounts for Living Trusts. An account for a living trust is an individual account held by one or more trustees of a trust for the benefit of one or more beneficiaries pursuant to a revocable trust agreement. The trustee(s) will sign a Signature Card and provide evidence of the trustee’s authority. Trustee warrants that a valid living trust has been created, is currently existing, and that the trustor and primary beneficiary are eligible for membership in the Credit Union. The Credit Union does not act as a trustee and is under no obligation to inquire as to the powers or duties of the trustee(s). Trustee agrees to notify us in writing if a change of trustee occurs. We may withhold payment of funds to any party until proper evidence of authority is provided. We may rely upon the directions of any one trustee until a written notice of revocation of the living trust is received. Funds may be released to any one trustee acting alone or with a co-trustee. The trustee(s) agrees to indemnify and hold the Credit Union harmless of any liability, claim, damage or loss arising as a result of unauthorized acts of any trustee or former trustee or acts of any trustee upon which we rely prior to notice of revocation of the trust. This Agreement will be binding on the trust, any trustee, successor trustee and beneficiaries.

Appears in 3 contracts

Samples: And Account Agreement, Account Agreement, And Account Agreement

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Accounts for Living Trusts. An account for of a living trust is an individual account held by one or more trustees of a trust for the benefit of one or more beneficiaries pursuant to a revocable trust agreement. The trustee(s) will sign a Signature Card and Upon request of the Credit Union, the trustee shall provide evidence of the trustee’s authorityauthority the Credit Union requires. Trustee warrants that a valid living trust has been created, is currently existing, and that the trustor and primary beneficiary are eligible for membership in the Credit Union. The Credit Union does not act as a trustee and is under no obligation to inquire as to the powers or duties of the trustee(s). Trustee agrees to notify us the Credit Union in writing if a change of trustee occurs. We The Credit Union may withhold payment of funds to any party until proper evidence of authority is provided. We The Credit Union may rely upon the directions of any one trustee until a written notice of revocation of the living trust is received. Funds may be released to any one trustee acting alone or with a co-trustee. The trustee(s) agrees to indemnify and hold the Credit Union harmless of any liability, claim, damage or loss arising as a result of unauthorized acts of any trustee or former trustee or acts of any trustee upon which we rely the Credit Union relies prior to notice of revocation of the trust. This Agreement will shall be binding on the trust, any trustee, successor trustee and beneficiaries.

Appears in 3 contracts

Samples: progressionscu.org, progressionscu.org, progressionscu.org

Accounts for Living Trusts. An account for of a living trust is an individual account held by one or more trustees of a trust for the benefit of one or more beneficiaries pursuant to a revocable trust agreement. The trustee(s) will Upon request of the Credit Union, the trustees shall sign a Signature Card Membership Application and provide any other evidence of the trustee’s authorityauthority the Credit Union requires. Trustee warrants that a valid living trust has been created, is created and currently existing, and that the trustor and primary beneficiary are eligible for membership in the Credit Unionexists. The Credit Union does not act as a trustee and is under no obligation to inquire as to the powers or duties of the trustee(s). Trustee agrees to notify us the Credit Union in writing if a change of trustee occurs. We The Credit Union may withhold payment of funds to any party until proper evidence of authority is provided. We The Credit Union may rely upon the directions of any one trustee until a written notice of revocation of the living trust is received. Funds may be released to any one trustee acting alone or with a co-trustee. The trustee(s) agrees to indemnify and hold the Credit Union harmless of any liability, claim, damage damage, or loss arising as a result of unauthorized acts of any trustee or former trustee or acts of any trustee upon which we rely the Credit Union relies prior to notice of revocation of the trust. This Agreement will shall be binding on the trust, any and trustee, successor trustee trustee, and beneficiaries.

Appears in 3 contracts

Samples: Membership and Account Agreement, www.cypruscu.com, www.cypruscu.com

Accounts for Living Trusts. An account for a living trust Living Trust is an individual account held by one or more trustees of a trust for the benefit of one or more beneficiaries pursuant to a revocable trust agreement. The Upon request of the Credit Union, the trustee(s) will sign supply to the Credit Union a Signature Card and provide evidence copy of the trust agreement evidencing trustee’s authority. Trustee warrants that a valid living trust Living Trust has been created, is currently existing, and that the trustor and primary beneficiary are eligible for membership in members of the Credit Union. The Credit Union does not is under no obligation to act as a trustee and is under no obligation or to inquire as to the powers or duties of the trustee(s). Trustee agrees to notify us the Credit Union in writing if a change of trustee occurs. We Credit Union may withhold payment of funds to any party until proper evidence of authority is provided. We Funds may be released to any one trustee acting alone or with a co-trustee. Credit Union may rely upon the directions of any one trustee until a written notice of revocation of the living trust form is received. Funds may be released to any one trustee acting alone or with a co-trustee. The trustee(s) agrees agree to indemnify and hold the Credit Union harmless of any liability, claim, damage or loss arising as a result of unauthorized acts of any trustee or former trustee or acts of any unless a successor trustee upon which we rely notifies the Credit Union in writing prior to notice of revocation of the trustany unauthorized act. This Agreement will shall be binding on the trust, any trustee, successor trustee trustee(s) and beneficiaries.

Appears in 2 contracts

Samples: Account Agreement, Account Agreement

Accounts for Living Trusts. An account for of a living trust is an individual account held by one or more trustees of a trust for the benefit of one or more beneficiaries pursuant to a revocable trust agreement. The trustee(s) will sign a Signature Card and Upon request of the Credit Union, the trustee shall provide evidence of the trustee’s authorityauthority the Credit Union requires. Trustee warrants that a valid living trust has been created, is currently existing, and that the trustor and primary beneficiary are eligible for membership in the Credit Union. The Credit Union does not act as a trustee and is under no obligation to inquire as to the powers or duties of the trustee(s). Trustee agrees to notify us the Credit Union in writing if a change of trustee occurs. We Credit Union may withhold payment of funds to any party until proper evidence of authority is provided. We Credit Union may rely upon the directions of any one trustee until a written notice of revocation of the living trust is received. Funds may be released to any one trustee acting alone or with a co-trustee. The trustee(s) agrees to indemnify and hold the Credit Union harmless of any liability, claim, damage or loss arising as a result of unauthorized acts of any trustee or former trustee or acts of any trustee upon which we rely Credit Union relies prior to notice of revocation of the trust. This Agreement will shall be binding on the trust, any trustee, successor trustee and beneficiaries.

Appears in 1 contract

Samples: Account Agreement

Accounts for Living Trusts. An account for of a living trust is an individual account held by one or more trustees of a trust for the benefit of one or more beneficiaries ben- eficiaries pursuant to a revocable trust agreement. The trustee(s) will Upon request of the Credit Union, the trustees shall sign a Signature Card Membership Application and provide any other evidence of the trustee’s authorityauthority the Credit Union requires. Trustee warrants that a valid living trust has been created, is created and currently existing, and that the trustor and primary beneficiary are eligible for membership in the Credit Unionexists. The Credit Union does not act as a trustee and is under no obligation to inquire as to the powers or duties of the trustee(s). Trustee Xxxxxxx agrees to notify us the Credit Union in writing if a change of trustee occurs. We The Credit Union may withhold payment of funds to any party until proper evidence of authority au- thority is provided. We The Credit Union may rely upon the directions of any one trustee until a written notice of revocation of the living trust is received. Funds may be released to any one trustee acting alone or with a co-trustee. The trustee(s) agrees to indemnify and hold the Credit Union harmless of any liability, claim, damage damage, or loss arising as a result of unauthorized acts of any trustee or former trustee or acts of any trustee upon which we rely the Credit Union relies prior to notice of revocation of the trust. This Agreement will shall be binding on the trust, any and trustee, successor trustee trustee, and beneficiaries.

Appears in 1 contract

Samples: Membership and Account Agreement

Accounts for Living Trusts. An account for of a living trust is an individual account held by one or more trustees of a trust for the benefit of one or more beneficiaries pursuant to a revocable trust agreement. The trustee(s) will Upon request of the Credit Union, the trustees shall sign a Signature Card Membership Application and provide any other evidence of the trustee’s authorityauthority the Credit Union requires. Trustee warrants that a valid living trust has been created, and is currently existing, and that the trustor and primary beneficiary are eligible for membership in the Credit Union. The Credit Union does not act as a trustee and is under no obligation to inquire as to the powers or duties of the trustee(s). Trustee Xxxxxxx agrees to notify us the Credit Union in writing if a change of trustee occurs. We The Credit Union may withhold payment of funds to any party until proper evidence of authority is provided. We The Credit Union may rely upon the directions of any one trustee until a written notice of revocation of the living trust is received. Funds may be released to any one trustee acting alone or with a co-co- trustee. The trustee(s) agrees to indemnify and hold the Credit Union harmless of any liability, claim, damage damage, or loss arising as a result of unauthorized acts of any trustee or former trustee or acts of any trustee upon which we rely the Credit Union relies prior to notice of revocation of the trust. This Agreement will shall be binding on the trust, any trustee, successor trustee trustee, and beneficiaries.

Appears in 1 contract

Samples: Account Agreement

Accounts for Living Trusts. An account for of a living trust is an individual account held by one or more trustees of a trust for the benefit of one or more beneficiaries pursuant to a revocable trust agreement. The trustee(s) will sign a Signature Card and Upon request of the Credit Union, the trustee shall provide evidence of the trustee’s authorityauthority the Credit Union requires. Trustee warrants that a valid living trust has been created, is currently existing, and that the trustor and primary beneficiary are eligible for membership in the Credit Union. The Credit Union does not act as a trustee and is under no obligation to inquire as to the powers or duties of the trustee(s). Trustee Xxxxxxx agrees to notify us the Credit Union in writing if a change of trustee occurs. We Credit Union may withhold payment of funds to any party until proper evidence of authority is provided. We Credit Union may rely upon the directions of any one trustee until a written notice of revocation of the living trust is received. Funds may be released to any one trustee acting alone or with a co-trustee. The trustee(s) agrees to indemnify and hold the Credit Union harmless of any liability, claim, damage or loss arising as a result of unauthorized acts of any trustee or former trustee or acts of any trustee upon which we rely Credit Union relies prior to notice of revocation of the trust. This Agreement will shall be binding on the trust, any trustee, successor trustee and beneficiaries.

Appears in 1 contract

Samples: Account Agreement

Accounts for Living Trusts. An account for of a living trust is an individual account held by one or more trustees of a trust for the benefit of one or more beneficiaries pursuant to a revocable trust agreement. The trustee(s) will Upon request of the Credit Union, the trustees shall sign a Signature Card Membership Application and provide any other evidence of the trustee’s authorityauthority the Credit Union requires. Trustee warrants that a valid living trust has been created, and is currently existing, and that the trustor and primary beneficiary are eligible for membership in the Credit Union. The Credit Union does not act as a trustee and is under no obligation to inquire as to the powers or duties of the trustee(s). Trustee agrees to notify us the Credit Union in writing if a change of trustee occurs. We The Credit Union may withhold payment of funds to any party until proper evidence of authority is provided. We The Credit Union may rely upon the directions of any one trustee until a written notice of revocation of the living trust is received. Funds may be released to any one trustee acting alone or with a co-co- trustee. The trustee(s) agrees to indemnify and hold the Credit Union harmless of any liability, claim, damage damage, or loss arising as a result of unauthorized acts of any trustee or former trustee or acts of any trustee upon which we rely the Credit Union relies prior to notice of revocation of the trust. This Agreement will shall be binding on the trust, any trustee, successor trustee trustee, and beneficiaries.

Appears in 1 contract

Samples: Account Agreement

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Accounts for Living Trusts. An account for of a living trust is an individual account held by one or more trustees of a trust for the benefit of one or more beneficiaries pursuant to a revocable trust agreement. The trustee(s) will Upon request of the Credit Union, the trustees shall sign a Signature an Account Authorization Card and provide any other evidence of the trustee’s authorityauthority the Credit Union requires. Trustee warrants that a valid living trust has been created, and is currently existing, and that the trustor and primary beneficiary are eligible for membership in the Credit Union. The Credit Union does not act as a trustee and is under no obligation to inquire as to the powers or duties of the trustee(s). Trustee Xxxxxxx agrees to notify us the Credit Union in writing if a change of trustee occurs. We The Credit Union may withhold payment of funds to any party until proper evidence of authority is provided. We The Credit Union may rely upon the directions of any one trustee until a written notice of revocation of the living trust is received. Funds may be released to any one trustee acting alone or with a co-trustee. The trustee(s) agrees to indemnify and hold the Credit Union harmless of any liability, claim, damage damage, or loss arising as a result of unauthorized acts of any trustee or former trustee or acts of any trustee upon which we rely the Credit Union relies prior to notice of revocation of the trust. This Agreement will shall be binding on the trust, any trustee, successor trustee trustee, and beneficiaries.

Appears in 1 contract

Samples: Membership and Account Agreement

Accounts for Living Trusts. An account for of a living trust is an individual account held by one or more trustees of a trust for the benefit of one or more beneficiaries ben- eficiaries pursuant to a revocable trust agreement. The trustee(s) will Upon request of the Credit Union, the trustees shall sign a Signature Card Membership Application and provide any other evidence of the trustee’s authorityauthority the Credit Union requires. Trustee warrants that a valid living trust has been created, is created and currently existing, and that the trustor and primary beneficiary are eligible for membership in the Credit Unionexists. The Credit Union does not act as a trustee and is under no obligation to inquire as to the powers or duties of the trustee(s). Trustee agrees to notify us the Credit Union in writing if a change of trustee occurs. We The Credit Union may withhold payment of funds to any party until proper evidence of authority au- thority is provided. We The Credit Union may rely upon the directions of any one trustee until a written notice of revocation of the living trust is received. Funds may be released to any one trustee acting alone or with a co-trustee. The trustee(s) agrees to indemnify and hold the Credit Union harmless of any liability, claim, damage damage, or loss arising as a result of unauthorized acts of any trustee or former trustee or acts of any trustee upon which we rely the Credit Union relies prior to notice of revocation of the trust. This Agreement will shall be binding on the trust, any and trustee, successor trustee trustee, and beneficiaries.

Appears in 1 contract

Samples: Membership and Account Agreement

Accounts for Living Trusts. An account for of a living trust is an individual account held by one or more trustees of a trust for the benefit of one or more beneficiaries pursuant to a revocable trust agreement. The trustee(s) will Upon request of the Credit Union, the trustees shall sign a Signature Card Membership Application and provide any other evidence of the trustee’s authority's authority the Credit Union requires. Trustee warrants that a valid living trust has been created, and is currently existing, and that the trustor and primary beneficiary are eligible for membership in the Credit Union. The Credit Union does not act as a trustee and is under no obligation to inquire as to the powers or duties of the trustee(s). Trustee agrees to notify us the Credit Union in writing if a change of trustee occurs. We The Credit Union may withhold payment of funds to any party until proper evidence of authority is provided. We The Credit Union may rely upon the directions of any one trustee until a written notice of revocation of the living trust is received. Funds may be released to any one trustee acting alone or with a co-trustee. The trustee(s) agrees to indemnify and hold the Credit Union harmless of any liability, claim, damage damage, or loss arising as a result of unauthorized acts of any trustee or former trustee or acts of any trustee upon which we rely the Credit Union relies prior to notice of revocation of the trust. This Agreement will shall be binding on the trust, any trustee, successor trustee trustee, and beneficiaries.

Appears in 1 contract

Samples: cups.cs.cmu.edu

Accounts for Living Trusts. An account for of a living trust is an individual account held by one or more trustees of a trust for the benefit of one or more ore beneficiaries pursuant to a revocable trust agreement. The trustee(s) will sign a Signature Card and Upon request of the Credit Union, the trustee shall provide evidence of the trustee’s authorityauthority the Credit Union requires. Trustee warrants that a valid living trust has been created, is currently existing, and that the trustor and primary beneficiary are eligible for membership in the Credit Union. The Credit Union does not act as a trustee and is under no obligation to inquire as to the powers or duties of the trustee(s). Trustee agrees to notify us the Credit Union in writing if a change of trustee occurs. We Credit Union may withhold payment of funds to any party until proper evidence of authority is provided. We Credit Union may rely upon the directions of any one trustee until a written notice of revocation of the living trust is received. Funds may be released to any one trustee acting alone or with a co-trustee. The trustee(s) agrees to indemnify and hold the Credit Union harmless of any liability, claim, damage or loss arising as a result of unauthorized acts of any trustee or former trustee or acts of any trustee upon which we rely Credit Union relies prior to notice of revocation of the trust. This Agreement will shall be binding on the trust, any trustee, successor trustee and beneficiaries.

Appears in 1 contract

Samples: Membership and Account Agreement

Accounts for Living Trusts. An account for of a living trust is an individual account held by one or more trustees of a trust for the benefit of one or more beneficiaries pursuant to a revocable trust agreement. The trustee(s) will Upon request of the Credit Union, the trustees shall sign a Signature Card Membership Application and provide any other evidence of the trustee’s authorityauthority the Credit Union requires. Trustee warrants that a valid living trust has been created, is created and currently existing, and that the trustor and primary beneficiary are eligible for membership in the Credit Unionexists. The Credit Union does not act as a trustee and is under no obligation to inquire as to the powers or duties of the trustee(s). Trustee Xxxxxxx agrees to notify us the Credit Union in writing if a change of trustee occurs. We The Credit Union may withhold payment of funds to any party until proper evidence of authority is provided. We The Credit Union may rely upon the directions of any one trustee until a written notice of revocation of the living trust is received. Funds may be released to any one trustee acting alone or with a co-trustee. The trustee(s) agrees to indemnify and hold the Credit Union harmless of any liability, claim, damage damage, or loss arising as a result of unauthorized acts of any trustee or former trustee or acts of any trustee upon which we rely the Credit Union relies prior to notice of revocation of the trust. This Agreement will shall be binding on the trust, any and trustee, successor trustee trustee, and beneficiaries.

Appears in 1 contract

Samples: Membership and Account Agreement

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