Common use of Business and Other Non-Personal Accounts Clause in Contracts

Business and Other Non-Personal Accounts. If your account is a business account, you agree to use it for business purposes. If our records list a business organization as the owner of an account, the account is payable to the business organization and not to any individual director, shareholder, member, or partner. A “business organization” means a corporation, unincorporated association, limited liability company, partnership (including a limited partnership, limited liability partnership, or joint venture), or any other business or non-profit organization, including irrevocable trusts. We may rely on the accuracy and completeness of all resolutions, signature cards, and other documents you deliver to us in connection with the account. If the resolutions, signature cards, or other documents you deliver state that a person is authorized to sign checks or otherwise initiate transactions on your account, that person is called a “signer.” If the account owner is a “sole proprietorship,” that means that a single person conducts the business as his or her own property, instead of through a business organization. A sole proprietor may also designate signers by appropriate documents. If you change your form of ownership, authorized signers or organizational structure (that could also affect your tax liabilities and, thus, IRS Form W-8BEN-E accuracy) you must notify us when the change occurs. A signer is authorized to endorse checks payable to the business. Endorsement “for deposit” may be written or stamped. An eligible signer is also authorized to sign checks drawn against your account. We are authorized to pay checks without asking how the checks were issued or how the proceeds will be used, even if the check is payable to the person who signed the check. An eligible signer is authorized to instruct us to close accounts or do anything else involving any account, and to sign any Agreements or documents relating to accounts or other business. We may, although we are not required to, cash checks payable to – or accept “less cash” deposits from – a business organization.

Business and Other Non-Personal Accounts. If your account is a business account, you agree to use it for business purposes. If our records list a business organization as the owner of an account, the account is payable to the business organization and not to any individual director, shareholder, member, or partner. A “business organization” means a corporation, unincorporated association, limited liability company, partnership (including a limited partnership, limited liability partnership, or joint venture), or any other business or non-profit organization, including irrevocable trusts. We may rely on the accuracy and completeness of all resolutions, signature cards, and other documents you deliver to us in connection with the account. If the resolutions, signature cards, or other documents you deliver state that a person is authorized to sign checks or otherwise initiate transactions on your account, that person is called a “signer.” If the account owner is a “sole proprietorship,” that means that a single person conducts the business as his or her own property, instead of through a business organization. A sole proprietor may also designate signers by appropriate documents. If you change your form of ownership, authorized signers or organizational structure (that could also affect your tax liabilities and, thus, IRS Form W-8BEN-E accuracy) you accuracy)you must notify us when the change occurs. A signer is authorized to endorse checks payable to the business. Endorsement “for deposit” may be written or stamped. An eligible signer is also authorized to sign checks drawn against your account. We are authorized to pay checks without asking how the checks were issued or how the proceeds will be used, even if the check is payable to the person who signed the check. An eligible signer is authorized to instruct us to close accounts or do anything else involving any account, and to sign any Agreements or documents relating to accounts or other business. We may, although we are not required to, cash checks payable to – or accept “less cash” deposits from – a business organization.

Business and Other Non-Personal Accounts. ‌ If your account is a business account, you agree to use it for business purposes. If our records list a business organization as the owner of an account, the account is payable to the business organization and not to any individual director, shareholder, member, or partner. A “business organization” means a corporation, unincorporated association, limited liability company, partnership (including a limited partnership, limited liability partnership, or joint venture), or any other business or non-profit organization, including irrevocable trusts. We may rely on the accuracy and completeness of all resolutions, signature cards, and other documents you deliver to us in connection with the account. If the resolutions, signature cards, or other documents you deliver state that a person is authorized to sign checks or otherwise initiate transactions on your account, that person is called a “signer.” If the account owner is a “sole proprietorship,” that means that a single person conducts the business as his or her own property, instead of through a business organization. A sole proprietor may also designate signers by appropriate documents. If you change your form of ownershipownership or authorized signers, authorized signers or organizational structure (that could also affect your tax liabilities and, thus, IRS Form W-8BEN-E accuracy) you must notify us when the change occurs. A signer is authorized to endorse checks payable to the business. Endorsement “for deposit” may be written or stamped. An eligible signer is also authorized to sign checks drawn against your account. We are authorized to pay checks without asking how the checks were issued or how the proceeds will be used, even if the check is payable to the person who signed the check. An eligible signer is authorized to instruct us to close accounts or do anything else involving any account, and to sign any Agreements or documents relating to accounts or other business. We may, although we are not required to, cash checks payable to – or accept “less cash” deposits from – a business organization.

Business and Other Non-Personal Accounts. If your account is a business account, you agree to use it for business purposes. If our records list a business organization as the owner of an account, the account is payable to the business organization and not andnot to any individual anyindividual director, shareholder, member, or partner. A “business organization” means a corporation, unincorporated association, limited liability company, partnership (including a limited partnership, limited liability partnership, or joint venture), or any other business or non-profit organization, including irrevocable trusts. We may rely on relyon the accuracy and completeness of all resolutions, signature cards, and other andother documents you deliver to us in connection with the account. If the resolutions, signature cards, or other documents you deliver state that a person is authorized to sign checks authorizedto signchecks or otherwise initiate transactions on your account, that person is called a personis calleda “signer.” If the account owner is a “sole proprietorship,” that means that a single person conducts the business as his or her own property, instead of through a business organization. A sole proprietor may also mayalso designate signers by appropriate documents. If you change your form of ownershipofownership, authorized signers or organizational structure (that could also affect your tax liabilities and, thus, IRS Form W-8BEN-E accuracy) you must notify us accuracy)youmust notifyus when the change occurs. A signer is authorized to endorse checks payable to the business. Endorsement “for deposit” may be maybe written or stamped. An eligible signer is also authorized to sign checks drawn against your account. We are authorized areauthorized to pay checks paychecks without asking how the checks were issued or how the proceeds will be used, even if the check is payable to the person who signed the check. An eligible signer is authorized to instruct us to close accounts or do anything else involving any account, and to sign any Agreements or documents relating to accounts or other business. We may, although we are not required to, cash checks cashchecks payable to – or accept “less cash” deposits from – a business organization.