Common use of Death or Incompetence of Account Owner Clause in Contracts

Death or Incompetence of Account Owner. You must notify us immediately if any account owner dies or is declared incompetent by a court. Until we receive notice otherwise, we may act as if all owners are alive and competent. After we receive notice of death or incompetence, we may freeze the account, refuse to accept transactions, and reverse or return deposits to the account. We are also not required to release funds in the account until we receive any documents we reasonably request to verify the death or incompetence, as well as who is entitled to the funds. If we have any tax liability because of paying funds in an account to you or your estate, you or your estate will be responsible for repaying us the amount of that tax. If an account owner authorizes an item, but it is not presented for payment until after that owner dies, we are authorized to pay the item after the owner’s death. If an account owner xxxx us a debt at the time of death, we are authorized to exercise our right of set-off (our right to apply funds in one account to the debt associated with another) or security interest rights against the account after the owner’s death. We have these rights even if a surviving joint owner, a “payable on death” (“POD”) payee, or a Beneficiary of an “in trust for” (“ITF”) or “trustee for” account has rights to the account.

Death or Incompetence of Account Owner. You must notify Tell us immediately if any account Account owner dies or is declared incompetent by a court. Until we receive notice otherwise, we We may act as if all owners are alive and competentcompetent until we receive notice otherwise. After we receive notice of death or incompetence, we may freeze the accountyour balance, refuse to accept transactions, and reverse or return deposits to the accountdeposits. We are also not required to release your funds in the account until we receive any documents we reasonably request to verify the your death or incompetence, as well as who is entitled to the funds. If we have any tax liability because of paying funds in an account your balance to you or your estate, you or your the estate will be responsible for repaying us the amount of that tax. If an account Account owner authorizes an itemany transaction, but it is it’s not presented for payment until after that owner dies, we are authorized to pay the item after the owner’s deathtransaction. If an account owner xxxx you owe us a debt at the time of your death, we are authorized to exercise our right of set-off setoff (our right to apply funds in one account Account to the debt associated with anotheranother Account) or security interest rights against the account funds credited to your balance after the owner’s your death. We have these rights even if a surviving joint owner, a “payable on death” (“POD”) payee, or a Beneficiary beneficiary of an “in trust for” (“ITF”) or “trustee for” account Account has rights to the accountAccount.

Death or Incompetence of Account Owner. You Your agent, attorney, personal representative, executor, administrator, or successor must notify tell us immediately if any account owner dies you die or is are declared incompetent by a court. Until We may act as if you are alive and competent until we receive notice otherwise, we may act as if all owners are alive and competent. After we receive notice of your death or incompetence, we may freeze the accountyour balance, refuse to accept transactions, and reverse or return deposits to the accountdeposits. We are also not required to release your funds in the account until we receive any documents we reasonably request to verify the your death or incompetence, as well as who is entitled to the funds. If you die while residing outside the United States, we may require a personal representative to be appointed by a court in a United States jurisdiction. If we have any tax liability because of paying funds in an account your balance to you or your estate, you or your the estate will be responsible for repaying us the amount of that tax. If an account owner authorizes an itemyou authorize any transaction, but it is it’s not presented for payment until after that owner diesyou die or are declared incompetent, we are authorized to pay the item after the owner’s deathtransaction. If an account owner xxxx you owe us a debt at the time of your death, we are authorized to exercise our right of set-off setoff (our right to apply funds in one account Account to the debt associated with anotheranother Account) or security interest rights against the account funds credited to your balance after the owner’s your death. We have these rights even if are also not required to disburse funds until we receive any documents we reasonably request to verify your death or incompetence and to establish a surviving joint owner, a “payable new person’s authority to act in transacting on death” (“POD”) payee, or a Beneficiary of an “in trust for” (“ITF”) or “trustee for” account has rights to the accountclosing your Account.

Death or Incompetence of Account Owner. You Your agent, attorney, personal representative, executor, administrator, or successor must notify tell us immediately if any account owner dies you die or is are declared incompetent by a court. Until We may act as if you are alive and competent until we receive notice otherwise, we may act as if all owners are alive and competent. After we receive notice of your death or incompetence, we may freeze the accountyour balance, refuse to accept transactions, and reverse or return deposits to the accountdeposits. We are also not required to release your funds in the account until we receive any documents documents, we reasonably request to verify the your death or incompetence, as well as who is entitled to the funds. If you die while residing outside the United States, we may require a personal representative to be appointed by a court in a United States jurisdiction. If we have any tax liability because of paying funds in an account your balance to you or your estate, you or your the estate will be responsible for repaying us the amount of that tax. If an account owner authorizes an itemyou authorize any transaction, but it is it’s not presented for payment until after that owner diesyou die or are declared incompetent, we are authorized to pay the item after the owner’s deathtransaction. If an account owner xxxx you owe us a debt at the time of your death, we are authorized to exercise our right of set-off setoff (our right to apply funds in one account Account to the debt associated with anotheranother Account) or security interest rights against the account funds credited to your balance after the owner’s your death. We have these rights even if are also not required to disburse funds until we receive any documents, we reasonably request to verify your death or incompetence and to establish a surviving joint owner, a “payable new person’s authority to act in transacting on death” (“POD”) payee, or a Beneficiary of an “in trust for” (“ITF”) or “trustee for” account has rights to the accountclosing your Account.

Death or Incompetence of Account Owner. You must notify us immediately if any account owner dies or is declared incompetent by a court. Until we receive notice otherwise, we may act as if all owners allowners are alive and competent. After we receive notice of death or incompetence, we may freeze the account, refuse to accept transactions, and reverse andreverse or return deposits to the account. We are also not alsonot required to release funds in the account until we receive any documents we reasonably request to verify the death or incompetence, as well as who is entitled to the funds. If we have any tax liability because of paying funds in an account to you or your estate, you or your estate will be responsible for repaying us the amount of that tax. If an account owner authorizes an itemanitem, but it is not presented for payment until after that owner dies, we are authorized to pay the item after the owner’s death. If an account owner xxxx us a debt at the time of death, we are authorized to exercise our right of set-off (our right to apply funds in one account to the debt associated with another) or security interest rights against the account after the owner’s death. We have these rights even if a ifa surviving joint owner, a “payable on death” (“POD”) payee, or a Beneficiary of an “in trust for” (“ITF”) or “trustee for” account has rights to the account.

Death or Incompetence of Account Owner. You must notify us immediately if any account owner dies or is declared incompetent by a court. Until we receive notice otherwise, we We may act as if all owners are alive and competentcompetent until we receive notice otherwise. Even with notice, we may for ten (10) days after the date of death or incapacity, pay or guarantee checks drawn on or prior to that date unless ordered in writing to stop payment by a person claiming an interest in the account After we receive notice of death or incompetence, we may freeze the accountplace an administrative hold on your account balances, refuse to accept transactions, and reverse or return deposits to the accountdeposits. We are also not required to release your funds in the account until we receive any documents we reasonably request to verify the your death or incompetence, as well as who is entitled to the funds. If we have any tax liability because of paying funds in an account to you or your estate, you or your estate will be responsible for repaying us the amount of that tax. If an account owner authorizes an itemany transaction, but it is not presented for payment until after that owner dies, we are authorized to pay the item after the owner’s deathtransaction. If an account owner xxxx you owe us a debt at the time of your death, we are authorized to exercise our right of set-off setoff (our right to apply funds in one account to the a debt associated with anotheranother account) or security interest rights against the account funds credited to your balance after the owner’s your death. We have these rights even if a surviving joint owner, a “payable on death” (“POD”) payee, death payee or a Beneficiary of an “in trust for” (“ITF”) or “trustee for” account beneficiary has rights to the account. Please refer to the section below entitled “Other Legal Terms” for more information regarding our right of setoff.

Death or Incompetence of Account Owner. ‌ You must notify us immediately if any account owner dies or is declared incompetent by a court. Until we receive notice otherwise, we may act as if all owners are alive and competent. After we receive notice of death or incompetence, we may freeze the account, refuse to accept transactions, and reverse or return deposits to the account. We are also not required to release funds in the account until we receive any documents we reasonably request to verify the death or incompetence, as well as who is entitled to the funds. If we have any tax liability because of paying funds in an account to you or your estate, you or your estate will be responsible for repaying us the amount of that tax. If an account owner authorizes an item, but it is not presented for payment until after that owner dies, we are authorized to pay the item after the owner’s death. If an account owner xxxx us a debt at the time of death, we are authorized to exercise our right of set-off (our right to apply funds in one account to the debt associated with another) or security interest rights against the account after the owner’s death. We have these rights even if a surviving joint owner, a “payable on death” (“POD”) payee, or a Beneficiary of an “in trust for” (“ITF”) or “trustee for” account has rights to the account.

Death or Incompetence of Account Owner. You must notify us immediately if any account owner dies or is declared incompetent by a court. Until we receive notice otherwise, we We may act as if all owners are alive and competentcompetent until we receive notice otherwise. Even with notice, we may for ten (10) days after the date of death or incapacity, pay or guarantee checks drawn on or prior to that date unless ordered in writing to stop payment by a person claiming an interest in the account. After we receive notice of death or incompetence, we may freeze the accountplace an administrative hold on your account balances, refuse to accept transactions, and reverse or return deposits to the accountdeposits. We are also not required to release your funds in the account until we receive any documents we reasonably request to verify the your death or incompetence, as well as who is entitled to the funds. If we have any tax liability because of paying funds in an account to you or your estate, you or your estate will be responsible for repaying us the amount of that tax. If an account owner authorizes an itemany transaction, but it is not presented for payment until after that owner dies, we are authorized to pay the item after the owner’s deathtransaction. If an account owner xxxx you owe us a debt at the time of your death, we are authorized to exercise our right of set-off setoff (our right to apply funds in one account to the a debt associated with anotheranother account) or security interest rights against the account funds credited to your balance after the owner’s your death. We have these rights even if a surviving joint owner, a “payable on death” (“POD”) payee, death payee or a Beneficiary of an “in trust for” (“ITF”) or “trustee for” account beneficiary has rights to the account. Please refer to the section below entitled “Other Legal Terms” for more information regarding our right of setoff.