Common use of Death of Sole Proprietor Clause in Contracts

Death of Sole Proprietor. Following the death of a sole proprietor of an unincorporated business, the balance in the Account shall be payable in accordance with applicable law upon presentation of appropriate qualification documents and any required tax release. We may make or pay checks drawn on or before the date of death or legal incompetency for up to ten (ten) days after the death or legal incompetency unless ordered to stop payments by someone claiming an interest in the account.

Death of Sole Proprietor. Following the death of a sole proprietor of an unincorporated business, the balance in the Account shall be payable in accordance with applicable law upon presentation of appropriate qualification documents and any required tax release. We may make or pay checks drawn on or before the date of death or legal incompetency for up to ten (ten) days after the death or legal incompetency unless ordered to stop payments by someone claiming an interest in the account.