Common use of Death of Account Owner Clause in Contracts

Death of Account Owner. We may continue to honor all transactions on your account(s) until we receive actual notice of your death. After receiving actual notice, we may honor all transactions you authorized for a period of ten (10) days, unless we are ordered not to do so by a person claiming an interest in your account(s). We can require any person claiming the funds in your account(s) to indemnify us for any losses we may incur as a result of honoring their order. Upon the death of an individual account holder, all funds on deposit shall be paid according to the express instructions in the Account Card (i.e., Payable on Death Beneficiary). If no express beneficiary(ies) is provided, then all funds on deposit will be paid to the estate of the account holder. If there is no estate, then the Credit Union may, but has no obligation, to pay the funds to any heir, who will be solely responsible for any further distribution of said funds. The Credit Union may require documentation satisfactory to be provided regarding any right, claim or fact regarding any matter related to or arising from the payment of funds hereunder. The Credit Union will have no further obligation or responsibility and you agree that we shall have no liability to you, your estate or any heir, successor or assign relating to the distribution of such funds pursuant to this Agreement. The payment of any funds is subject to our lien or other security interest; and all debts you owe to the Credit Union will be paid from the funds in your accounts before any payment is made. In case of death of a joint account owner, the deposits will be subject to additional provisions of Paragraph 26 hereof.

Death of Account Owner. We may continue to honor all transactions Transactions on your account(s) until we receive actual notice of your death. After receiving actual notice, we may honor all transactions Transactions you authorized for a period of ten (10) days, unless we are ordered not to do so by a person claiming an interest in your account(s)authorized. We can require any person claiming the funds in your account(s) to indemnify us for any losses we may incur as a result of honoring their order. Upon the death of an individual account holder, all funds on deposit shall be paid according to the express instructions in the Account Card Membership Application (i.e., Payable on Death Beneficiary). If no express beneficiary(ies) beneficiary is provided, then all funds on deposit will be paid to the estate of the account holder. If there is no estate, then the Credit Union may, but has no obligationobligation to do so, to pay the funds to any heir, who will be solely responsible for any further distribution of said funds. The Credit Union may require satisfactory documentation satisfactory to be provided regarding any right, claim or fact regarding any matter related to or arising from the payment of funds hereunder. The Credit Union will have no further obligation or responsibility and you agree that we shall have no liability to you, your estate or any heir, successor or assign relating to the distribution of such funds pursuant to this Agreement. The payment of any funds is subject to our lien or other security interest; and all debts you owe to the Credit Union will be paid from the funds in your accounts before any payment is made. In case of the death of a joint account ownerOwner, the deposits will be subject to additional provisions of Paragraph 26 hereofthis Agreement.

Death of Account Owner. We may continue to honor all transactions Transactions on your account(s) until we receive actual notice of your death. After receiving actual notice, we may honor all transactions Transactions you authorized for a period of ten (10) days, unless we are ordered not to do so by a person claiming an interest in your account(s). We can require any person claiming the funds in your account(s) to indemnify us for any losses we may incur as a result of honoring their order. Upon the death of an individual account holder, all funds on deposit shall be paid according to the express instructions in the Account Card (i.e., Payable on Death Beneficiary). If no express beneficiary(ies) is provided, survives the death of the last owner, or can be located via the information provided to the Credit Union by the owners, then all funds on deposit will shall be paid to the estate of the account holder. If there is no estate, then the Credit Union may, but has no obligationobligation to do so, to pay the funds to any heir, who will be solely responsible for any further distribution of said funds. The Credit Union may require documentation satisfactory to be it provided regarding any right, claim or fact regarding any matter related to or arising from the payment of funds hereunder. The Credit Union will have no further obligation or responsibility and you agree that we shall have no liability to you, your estate or any heir, successor or assign relating to the distribution of such funds pursuant to this Agreement. The payment of any funds is subject to our lien or other security interest; , and all debts you owe to the Credit Union will be paid from the funds in your accounts before any payment is made. In case of the death of a joint account owner, the deposits will be subject to additional provisions of Paragraph 26 hereofthis Agreement.

Death of Account Owner. We may continue to honor all transactions Transactions on your account(s) until we receive actual notice of your death. After receiving actual notice, we may honor all transactions Transactions you authorized for a period of ten (10) days, unless we are ordered not to do so by a person claiming an interest in your account(s). We can require any person claiming the funds in your account(s) to indemnify us for any losses we may incur as a result of honoring their order. Upon the death of an individual account holder, all funds on deposit in an account shall be paid according to the express instructions in the Account Agreement or Application Card (i.e., Payable on Death Beneficiary). If no express beneficiary(iesbeneficiary(s) is provided, survives the death of the last owner, or can be located via the information provided to the Credit Union by the owners, then all funds on deposit in the account will be paid to the estate of the account holder. If there is no estate, then the Credit Union may, but has no obligationobligation to do so, to pay the funds to any heir, who will be solely responsible for any further distribution of said funds. The Credit Union may require documentation satisfactory to it to be provided regarding any right, claim or fact regarding any matter related to or arising from the payment of funds hereunder. The Credit Union will have no further obligation or responsibility and you agree that we shall have no liability to you, your estate or any heir, successor or assign relating to the distribution of such funds pursuant to this Agreement. The payment of any funds is subject to our lien or other security interest; and all debts you owe to the Credit Union will be paid from the funds in your accounts before any payment is made. In case of death of a joint account owner, the deposits will be subject to additional provisions of Paragraph 26 hereof.

Death of Account Owner. We may continue to honor all transactions Transactions on your account(s) until we receive actual notice of your death. After receiving actual notice, we may honor all transactions Transactions you authorized for a period of ten (10) days, unless we are ordered not to do so by a person claiming an interest in your account(s). We can require any person claiming the funds in your account(s) to indemnify us for any losses we may incur as a result of honoring their order. Upon the death of an individual account holder, all funds on deposit shall be paid according to the express instructions in the Account Card (i.e., Payable on Death Beneficiary). If no express beneficiary(ies) is provided, survives the death of the last owner, or can be located via the information provided to the Credit Union by the owners, then all funds on deposit will be paid to the estate of the account holder. If there is no estate, then the Credit Union may, but has no obligationobligation to do so, to pay the funds to any heir, who will be solely responsible for any further distribution of said funds. The Credit Union may require documentation satisfactory to it be provided regarding any right, claim or fact regarding any matter related to or arising from the payment of funds hereunder. The Credit Union will have no further obligation or responsibility and you agree that we shall have no liability to you, your estate or any heir, successor or assign relating to the distribution of such funds pursuant to this Agreement. The payment of any funds is subject to our lien or other security interest; and all debts you owe to the Credit Union will be paid from the funds in your accounts before any payment is made. In case of death of a joint account owner, the deposits will be subject to additional provisions of Paragraph 26 hereof.your