Control of Multiple Party Account Owners Sample Clauses

Control of Multiple Party Account Owners. Any multiple party account owner is authorized and deemed to act for the other owner(s) and the Credit Union may accept orders and instructions regarding the account, requests for future services and any transaction from any other account owner. Each multiple party account owner guarantees the signature of the other owners. Any account owner may withdraw all funds in the account, terminate the account, stop payment on items drawn on the account, transfer, or pledge to the Credit Union all or any part of the shares of any account without the consent of the other account owner(s) and the Credit Union shall have no duty in such event to notify any other account owner(s). The Credit Union reserves the right at any time to require written consent of all account owners for a change of ownership or termination of a multiple party account. If the Credit Union receives written notice of a dispute between account owners or receives inconsistent instructions from them, the Credit Union may suspend or terminate the account, require a Court order to act or require that all account owners agree in writing to any transaction concerning the account.
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Control of Multiple Party Account Owners. Any multiple party account owner is authorized and deemed to act for the other joint owner(s), and the Credit Union may accept orders and instructions regarding the account, request for future service, and any transaction from any other account owner. Each multiple party account owner guarantees the signature of the other joint owners. Any account owner may withdraw all funds in the account, stop payment on items drawn on the account, transfer, or pledge to the Credit Union all or any part of the shares of any account without the consent of the other account owner(s), and the Credit Union shall have no duty in such event to notify any other account owner(s). The Credit Union reserves the right at any time to require written consent of all account owners for a change of ownership by completing a Remove Joint Owner Form. However, subject to a policy adopted by the Credit Union’s Board of Directors, a member by written notice to the Credit Union may change or cancel designation, change the form of the account, or stop or vary payment under the terms of the account. If the Credit Union receives written notice of a dispute between account owners or receives inconsistent instructions from them, the Credit Union may suspend or terminate the account, require a Court order to act, or require that all account owners agree in writing to any transaction concerning the account.
Sample 1
Control of Multiple Party Account Owners. Any multiple party account owner is authorized and deemed to act for the other owner(s) and Proponent may accept orders and instructions regarding the account, requests for future services, and any transaction from any other account owner. Each multiple party account owner guarantees the signature of the other owners. Any account owner may withdraw all funds in the account, stop payment on items drawn on an account, transfer, or pledge to Proponent all or any part of the shares of any account without the consent of the other account owner(s) and Proponent shall have no duty in such event to notify any other account owner(s). Proponent reserves the right at any time to require written consent of all account owners for a change of ownership or termination of a multiple party account. If Proponent receives written notice of a dispute between account owners or receives inconsistent instructions from them, Proponent may suspend or terminate the account, require a Court order to act or require that all account owners agree in writing to any transaction concerning the account.
Sample 1
Control of Multiple Party Account Owners. Any multiple party account owner is authorized and deemed to act for the other owner(s) and United Texas may accept orders and instructions regarding the account, requests for future services, and any transaction from any other account owner. Each multiple party account owner guarantees the signature of the other owners. Any account owner may withdraw all funds in the account, stop payment on items drawn on an account, transfer, or pledge to United Texas all or any part of the shares of any account without the consent of the other account owner(s) and United Texas shall have no duty in such event to notify any other account owner(s). United Texas reserves the right at any time to require written consent of all account owners for a change of ownership or termination of a multiple party account. If United Texas receives written notice of a dispute between account owners or receives inconsistent instruction from them, United Texas may suspend or terminate the account, require a court order to act or require that all account owners agree in writing to any transaction concerning the account.
Sample 1
Control of Multiple Party Account Owners. Any owner is authorized and deemed to act for any other owner(s) and may instruct us regarding transactions and other account matters. Each owner guarantees the signature of the other account owner(s). Any owner may withdraw all funds, stop payments on items, transfer, or pledge to us all or any part of the shares without the consent of the other owner(s). We have no duty to notify owner(s) about any transaction. We reserve the right to require written consent of all owners for any change to or termination of an account. If we receive notice of a dispute between owners or inconsistent instructions from them, we may suspend or terminate the account and require a court order to act or require all owners to agree in writing to any transactions concerning the account.
Sample 1
Control of Multiple Party Account Owners. Any multiple party account owner is authorized and deemed to act for the other owner(s), and the Credit Union may accept orders and instructions regarding the account, request for future service, and any transaction from any other account owner without risk of liability for such orders and instructions. All owners agree to hold the Credit Union harmless for any claims, damages or causes of action which may be asserted against the Credit Union as a result of, or in connection with, such orders and instructions. Each multiple party account owner guarantees the signature of the other owners. Any account owner may withdraw all funds in the account, stop payment on items drawn on the account, transfer, or pledge to the Credit Union all or any part of the shares of any account without the consent of the other account owner(s), and the Credit Union shall have no duty in such event to notify any other account owner(s). The Credit Union shall not be liable to any account owner for the actions of another account owner and all owners agree to hold the Credit Union harmless for any claims, damages or causes of action which may be asserted against the Credit Union as a result of, or in connection with, such actions.
Sample 1

Related to Control of Multiple Party Account Owners

  • Multiple Party Accounts An account owned by two or more persons is a multiple party account.

  • Control of Joint Accounts Any owner is authorized and deemed to act for any other owner(s) and may instruct us regarding transactions and other account matters. Each owner guarantees the signature or authenticated request of any other owner(s). Any owner may withdraw or transfer funds, pledge to us all or any part of the shares, or stop payment on items without the consent of the other owner(s). We have no duty to notify any owner(s) about any transaction. We reserve the right to require written consent of all owners for any change to or termination of an account. If we receive written notice of a dispute between owners or inconsistent instructions from them, we may suspend or terminate the account and require a court order or written consent from all owners in order to act.

  • Third Party Accounts With respect to any third party sites we may enable you to access through the Services or with respect to any non-Financial Institution accounts you include in the Services, you agree to the following:

  • Aggregation of Entity Accounts For purposes of determining the aggregate balance or value of accounts held by an Entity, a Reporting Financial Institution shall be required to take into account all accounts held by Entities that are maintained by the Reporting Financial Institution, or Related Entities, to the extent that the Reporting Financial Institution’s computerised systems link the accounts by reference to a data element such as client number or taxpayer identification number and allow account balances or values to be aggregated.

  • Multiple Account Holders 37.1. Where the Client comprises two or more persons, the liabilities and obligations under the Agreement shall be joint and several. Any warning or other notice given to one of the persons which form the Client shall be deemed to have been given to all the persons who form the Client. Any Order given by one of the persons who form the Client shall be deemed to have been given by all the persons who form the Client.

  • Record-Keeping Obligations Each Interconnection Party shall keep and maintain records of actions taken during an Emergency Condition that may reasonably be expected to affect the other parties’ facilities and make such records available for audit in accordance with Section 19.3 of this Appendix 2.

  • Joint Account Owner Liability If an item deposited in a joint account is returned unpaid, a joint account is overdrawn, or if we do not receive final payment on a transaction, the owners, jointly and severally, are liable to us for the amount of the returned item, overdraft, or unpaid amount and any charges, regardless of who initiated or benefited from the transaction. If any account owner is indebted to us, we may enforce our rights against any account of the indebted owner, including all funds in the joint account, regardless of who contributed the funds.

  • Multiple Accounts 3.2.1 Calculations, reporting and administration may be performed by us separately for each of your Accounts, so that (without limitation):

  • Account Alerts The Account Alerts service is a tool for managing accounts. By enrolling for Account Alerts, you expressly consent to the Credit Union communicating with you by email or text with contact information you have provided. Account Alerts should not be relied upon solely for account information. While the Credit Union makes every effort to ensure alerts are delivered as expected, there are conditions that may make the alerts unreliable such as, but not limited to: spam filters, relay detectors, inaccurate or obsolete email addresses, network or system failures, etc. The Credit Union recommends that the service be tested prior to regular use to identify any limiting conditions that may be present. The Credit Union does not guarantee the delivery of any account alert.

  • What Forms of Distribution Are Available from a Xxxxxxxxx Education Savings Account Distributions may be made as a lump sum of the entire account, or distributions of a portion of the account may be made as requested.

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