Common use of Accounts of Businesses and Organizations Clause in Contracts

Accounts of Businesses and Organizations. Accounts held in the name of a business, organization or association are subject to the same terms set forth in this Agreement and the following additional rules. The Credit Union reserves the right to require the member to provide a Business Membership Application informing the Credit Union who is authorized to process transactions on its behalf. You agree to notify the Credit Union of any change in authority. The Credit Union may rely on the written authorization until such time as the Credit Union is informed of changes in writing and has had a reasonable time to act upon such notice. The Credit Union may require that third party checks payable to a business may not be cashed, but must be deposited to a business account. The Credit Union shall have no notice of any breach of fiduciary duties arising from a transaction by any authorized signer of the account owner, unless the Credit Union has actual notice of any wrongdoing.

Appears in 4 contracts

Samples: Membership and Account Agreement, Membership and Account Agreement, Membership and Account Agreement

AutoNDA by SimpleDocs

Accounts of Businesses and Organizations. Accounts held in the name of a business, organization business or association member are subject to the same terms set forth in this Agreement and the following additional rules. The Credit Union reserves the right to require the member to provide a Business Membership Application an Account Authorization Card informing the Credit Union who is authorized to process transactions act on its behalf. You agree to notify the Credit Union of any change in authority. The Credit Union may rely on the written authorization until such time as the Credit Union is informed of changes in writing and has had a reasonable time to act upon such notice. The Credit Union may require that third party checks payable to a business may not be cashed, but must be deposited to a business account. The Credit Union shall have no notice of any breach of fiduciary duties arising from a transaction by any authorized signer agent of the account owner, unless the Credit Union has actual notice of any wrongdoing.

Appears in 4 contracts

Samples: Membership and Account Agreement, Membership Agreement, Membership Agreement

Accounts of Businesses and Organizations. Accounts held in the name of a business, organization business or association member are subject to the same terms set forth in this Agreement and the following additional rules. The Credit Union reserves the right to require the member to provide a Business Membership Application Account Resolution of Authority informing the Credit Union who is authorized Authorized to process transactions act on its behalf. You agree to notify the Credit Union of any change in authority. The Credit Union may rely on the written authorization until such time as the Credit Union is informed of changes in writing and has had a reasonable time to act upon such notice. The Credit Union may require that third party checks payable to a business may not be cashed, but must be deposited to a business account. The Credit Union shall have no notice of any breach of fiduciary duties arising from a transaction by any authorized signer agent of the account owner, unless the Credit Union has actual notice of any wrongdoing.

Appears in 3 contracts

Samples: Membership & Account Agreement, Membership & Account Agreement, Membership & Account Agreement

Accounts of Businesses and Organizations. Accounts held in the name of a business, organization or association are subject to the same terms set forth in this Agreement and the following additional rules. The Credit Union reserves the right to require the member to provide a Business Membership Application an Account Card informing the Credit Union who is authorized to process transactions act on its behalf. You agree to notify the Credit Union of any change in authority. The Credit Union may rely on the written authorization until such time as the Credit Union is informed of changes in writing and has had a reasonable time to act upon such notice. The Credit Union may require that third party checks payable to a business may not be cashed, but must be deposited to a business account. The Credit Union shall have no notice of any breach of fiduciary duties arising from a transaction by any authorized signer agent of the account owner, unless the Credit Union has actual notice of any wrongdoing.

Appears in 2 contracts

Samples: Membership and Account Agreement, Membership and Account Agreement

Accounts of Businesses and Organizations. Accounts held in the name of a business, organization business or association are subject to the same terms set forth in this Agreement and the following additional rules. The Credit Union reserves the right to require the member to provide a Business Membership Application an Account Authorization Card informing the Credit Union who is authorized to process transactions act on its behalf. You agree to notify the Credit Union of any change in authority. The Credit Union may rely on the written authorization until such time as the Credit Union is informed of changes in writing and has had a reasonable time to act upon such notice. The Credit Union may require that third party checks payable to a business may not be cashed, but must be deposited to a business account. The Credit Union shall have no notice of any breach of fiduciary duties arising from a transaction by any authorized signer agent of the account owner, unless the Credit Union has actual notice of any wrongdoing.

Appears in 1 contract

Samples: Membership and Account Agreement

AutoNDA by SimpleDocs

Accounts of Businesses and Organizations. Accounts held in the name of are designed for a businessbusiness purpose. Accounts may not be used primarily for personal, organization family or association are subject to the same terms set forth in this Agreement and the following additional ruleshousehold purposes. The Credit Union reserves the right to require the member to provide a Business Membership Application Account Card informing the Credit Union who is authorized to process transactions act on its behalfbehalf of the business or organization. You agree to notify the Credit Union of any change in authority. The Credit Union may rely on the written authorization until such time as the Credit Union is informed of changes in writing and has had a reasonable time to act upon such notice. The Credit Union may require that third party checks payable to a business may not be cashed, cashed but must be deposited to a business account. The Credit Union shall have no notice of any breach of fiduciary duties arising from a transaction by any authorized signer agent of the account owner, unless the Credit Union has actual notice of any wrongdoing.

Appears in 1 contract

Samples: Contract of Deposit

Accounts of Businesses and Organizations. Accounts held in the name of a business, organization business or association member are subject to the same terms set forth in this Agreement and the following additional rules. The Credit Union reserves the right to require the member to provide a Business Membership Application an Account Authorization Card informing the Credit Union who is authorized to process transactions act on its behalf. You agree to notify the Credit Union of any change in authority. The Credit Union may rely on the written authorization until such time as the Credit Union is informed of changes in writing and has had a reasonable time to act upon such notice. The Credit Union may require that third party checks payable to a business may not be cashed, but must be deposited to a business account. .The Credit Union shall have no notice of any breach of fiduciary duties arising from a transaction by any authorized signer agent of the account owner, unless the Credit Union has actual notice of any wrongdoing.

Appears in 1 contract

Samples: Membership Agreement

Accounts of Businesses and Organizations. Accounts held in the name of a business, organization or association are subject to the same terms set forth in this Account Agreement and the following additional rules. The Credit Union reserves the right to require the member to provide a Business Membership Application informing the Credit Union who is authorized to process transactions on its behalf. You agree to notify the Credit Union of any change in authorityauthority by completing an Authorized Signer form. The Credit Union may rely on the written authorization until such time as the Credit Union is informed of changes in writing and has had a reasonable time to act upon such notice. The Credit Union may require that third party checks payable to a business may not be cashed, but must be deposited to a business account. The Credit Union shall have no notice of any breach of fiduciary duties arising from a transaction by any authorized signer of the account owner, unless the Credit Union has actual notice of any wrongdoing.

Appears in 1 contract

Samples: Membership & Account Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!