Common use of Convenience Account Clause in Contracts

Convenience Account. The parties to the account own the account. One or more convenience signers to the account may make account transactions for a party. A convenience signer does not own the account. On the death of the last surviving party, ownership of the account passes as a part of the last surviving party's estate under the last surviving party’s will or by intestacy. The financial institution may pay funds in the account to a convenience signer before the financial institution receives notice of the death of the last surviving party. The payment to a convenience signer does not affect the parties' ownership of the account.

Appears in 13 contracts

Samples: Certificate of Deposit Account Agreement, Certificate of Deposit Account Agreement, Deposit Account Agreement

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Convenience Account. The parties to the account own the account. One or more convenience signers to the account may make account transactions for a party. A convenience signer does not own the account. On the death of the last surviving party, ownership of the account passes as a part of the last surviving party's ’s estate under the last surviving party’s will or by intestacy. The financial institution may pay funds in the account to a convenience signer before the financial institution receives notice of the death of the last surviving party. The payment to a convenience signer does not affect the parties' ownership of the account.

Appears in 4 contracts

Samples: Account Agreement, Account Agreement and Disclosure, Deposit Account Agreement

Convenience Account. The parties to the account own the account. One or more convenience signers to the account may make account transactions for a party. A convenience signer does not own the account. On the death of the last surviving party, ownership of the account passes as a part of the last surviving party's estate under the last surviving party’s 's will or by intestacy. The financial institution may pay funds in the account to a convenience signer before the financial institution receives notice of the death of the last surviving party. The payment to a convenience signer does not affect the parties' ownership of the account.

Appears in 3 contracts

Samples: Account Agreement, Terms and Conditions, Terms and Conditions

Convenience Account. The parties to the account own the account. One or more convenience signers to the account may make account transactions for a party. A convenience signer does not own the account. On the death of the last surviving party, ownership of the account passes as a part of the last surviving party's ’s estate under the last surviving party’s will or by intestacy. The financial institution We may pay funds in the account to a convenience signer before the financial institution receives we receive notice of the death of the last surviving party. The payment to a convenience signer does not affect the parties' ownership of the account.

Appears in 2 contracts

Samples: Deposit Account Agreement, Deposit Account Agreement

Convenience Account. The parties to the account Account own the accountAccount. One or more convenience signers to the account Account may make account Account transactions for a party. A convenience signer does not own the accountAccount. On the death of the last surviving party, ownership of the account Account passes as a part of the last surviving party's estate under the last surviving party’s 's will or by intestacy. The financial institution Credit Union may pay funds in the account Account to a convenience signer before the financial institution Credit Union receives notice of the death of the last surviving party. The payment to a convenience signer does not affect the parties' ownership of the accountAccount.

Appears in 2 contracts

Samples: Membership Agreements and Disclosures, Membership Agreements

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Convenience Account. The parties to the account own the account. One or more convenience conve- nience signers to the account may make account transactions for a party. A convenience signer does not own the account. On the death of the last surviving party, ownership of the account passes as a part of the last surviving party's ’s estate under the last surviving party’s will or by intestacy. The financial institution We may pay funds in the account to a convenience signer before the financial institution receives we receive notice of the death of the last surviving party. The payment to a convenience conve- nience signer does not affect the parties' ownership of the account.

Appears in 1 contract

Samples: Deposit Account Agreement

Convenience Account. The parties to the account own the account. One or more convenience signers to the account may make account transactions for a party. A convenience signer does not own the account. On the death of the last surviving party, ownership of the account passes as a part of the last surviving party's ’s estate under the last surviving party’s will or by intestacy. The financial institution may pay funds in the account to a convenience conven- ience signer before the financial institution receives notice of the death of the last surviving party. The payment to a convenience signer does not affect the parties' ownership of the account.

Appears in 1 contract

Samples: Terms and Conditions

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