Common use of Agency Designation on an Account Clause in Contracts

Agency Designation on an Account. An agency designation on an account is an instruction to us that the owner authorizes another person to make transactions as agent for the account owner regarding the accounts designated. An agent has no ownership interest in the account or Credit Union voting rights. We have no duty to inquire about the use or purpose of any transaction made by the agent. 8.

Agency Designation on an Account. An agency designation on an account is an instruction to us that the owner authorizes another person to make transactions as agent for the account owner regarding the accounts designated. An agent has no ownership interest in the account (s) or Credit Union credit union voting rights. We have no duty to inquire about the use or purpose of any transaction made by the agentagent except as required by applicable law. 8.Changes from the most recent version, of the Agreement appear in bold. Added sections e., j. and k.

Agency Designation on an Account. An agency designation on an account is an instruction to us that the owner authorizes another person to make transactions as agent for the account owner regarding the accounts designated. For an agency account, you appoint the agent listed on the Account Card as your attorney-in-fact to deposit or withdraw funds held in the designated account(s). An agent has no ownership interest in the account account(s) or Credit Union credit union voting rights. We have no duty to inquire about the use or purpose of any transaction made by the agent. 8.

Agency Designation on an Account. An agency designation on an account is an instruction to us that the owner ow ner authorizes another person to make transactions as agent for the account owner ow ner regarding the accounts designated. For an agency account, you appoint the agent listed on the Account Card as your attorney-in-fact to deposit or w ithdraw funds held in the designated account(s). An agent has no ownership ow nership interest in the account account(s) or Credit Union voting rights. We have no duty to inquire about the use or purpose of any transaction made by the agent. 8.