Common use of Agency Designation Clause in Contracts

Agency Designation. 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 voting rights. We have no duty to inquire about the use or purpose of any transaction made by the agent.

Appears in 16 contracts

Samples: Master Account Agreement, Membership and Account Agreement, Tumcu Disclosure

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Agency Designation. An agency designation on an account is an instruction to us the Credit Union that the account owner authorizes has authorized 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 or Membership Application 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(s) account or credit union Credit Union voting rights. We have The Credit Union has no duty to inquire about of the use or purpose of any transaction made by the agent.

Appears in 3 contracts

Samples: Account Agreement, Account Agreement, www.hometowncu.coop

Agency Designation. 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 agent. It is your responsibility to determine any legal effects related to establishing an account with an agency designation.

Appears in 2 contracts

Samples: Membership and Account Agreement, static1.squarespace.com

Agency Designation. 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 voting rights. We have no duty to inquire about the use or purpose of any transaction made by the agent. It is your responsibility to determine any legal effects related to establishing an account with an agency designation.

Appears in 2 contracts

Samples: stewartscu.com, www.for-cu.com

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

Appears in 2 contracts

Samples: Membership and Account Agreements, Membership and Account Agreement

Agency Designation. An agency Agency designation on an account is an instruction to us Proponent that the account owner authorizes has authorized 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) account or credit union Credit Union voting rights. We have Proponent has no duty to inquire about of the use or purpose of any transaction made by the agent. Deposit of Funds Requirements Funds may be deposited to any account, in any manner approved by Proponent in accordance with the requirements set forth on the Rate and Fee Schedule.

Appears in 1 contract

Samples: Account Agreement

Agency Designation. 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 designateddesignated . An agent has no ownership interest in the account(s) or credit union voting rightsrights . We have no duty to inquire about the use or purpose of any transaction made by the agentagent except as required by applicable law.

Appears in 1 contract

Samples: Membership and Account Agreement

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Agency Designation. 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 agent.

Appears in 1 contract

Samples: Membership and Account Agreement

Agency Designation. 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 voting rights. We have no duty to inquire about the use or purpose of any transaction made by the agentagent.β€Œ It is your responsibility to determine any legal effects related to establishing an account with an agency designation.

Appears in 1 contract

Samples: static1.squarespace.com

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

Appears in 1 contract

Samples: And Account Agreement

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