Common use of Death of joint account holder Clause in Contracts

Death of joint account holder. If a joint account holder dies or loses his legal capacity, the surviving joint account holder shall inform the Bank of the same in writing immediately within a period not exceeding 10 days from the death or loss of legal capacity. Upon receipt of such notice in writing, the Bank shall suspend all transactions from the joint account until evidence is provided to the Bank satisfaction that the deceased or incapacitated joint account holder’s successor or legal representative is appointed in accordance with the applicable United Arab Emirates laws and regulations. The Bank shall not be liable for any withdrawals that might take place prior to the Bank’s receipt of the required written notice.

Death of joint account holder. If a joint account holder dies or loses his legal capacityca- pacity, the surviving joint account holder shall inform the Bank of the same in writing immediately within a period not exceeding 10 days from the death or loss of legal capacitycapac- ity. Upon receipt of such notice in writing, the Bank shall suspend all transactions from the joint account until evidence is provided to the Bank satisfaction that the deceased or incapacitated joint account holder’s successor or legal representative is appointed in accordance with the applicable United Arab Emirates laws and regulations. The Bank shall not be liable for any withdrawals that might take place prior to the Bank’s receipt of the required written notice.

Death of joint account holder. If a joint account holder dies or loses his legal capacity, the surviving joint account holder shall inform the Bank of the same in writing immediately within a period not exceeding 10 days from the death or loss of legal capacity. Upon receipt of such notice in writing, the Bank shall suspend all transactions from the joint account until evidence is provided to the Bank satisfaction that the deceased or incapacitated joint account holder’s successor or legal representative is appointed in accordance with the applicable United Unit- ed Arab Emirates laws and regulations. The Bank shall not be liable for any withdrawals that might take place prior to the Bank’s receipt of the required written notice.

Death of joint account holder. If a joint account holder dies or loses his legal capacityca- pacity, the surviving joint account holder shall inform the Bank of the same in writing immediately within a period not exceeding 10 days from the death or loss of legal capacitycapac- ity. Upon receipt of such notice in writing, the Bank shall suspend all transactions from the joint account until evidence is provided to the Bank satisfaction that the deceased or incapacitated joint account holderxxxxxx’s successor or legal representative is appointed in accordance with the applicable United Arab Emirates laws and regulations. The Bank shall not be liable for any withdrawals that might take place prior to the Bank’s receipt of the required written notice.