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

Death or Incompetence of an Account Owner. Untilwereceive notice of death or incompetence of anyAccount Owner,wemay continue to actupon theAccount as if all Ownersarealive orcompetent. Youagree to notifyus immediately if anyAccount OwnerorAuthorized Signer has died or deemed incompetent bya court. After we receive a death certificate regarding anyOwner on the Account, we may restrict the Account and not allow any transactions and may return deposits. We may also choose to further restrict the Account if we receive information from the Social Security Administration that an Account Owner is deceased, but we have no obligation to do so until we receive a valid death certificate. If a transaction is presented for payment after the Owner’s date of death, wemaypaythe transaction. If thereis anyoutstanding debt, that amount is still owed to us and we mayexercise our Setoff rights (our right to apply funds in one Account to the debt associated with another Account) or securityinterest rights against the funds in the Account. If we receive a deposit for the deceased Owner, we may debit the Account and return the deposit back to the payor. This includes salary, pension, Social Security and Supplement Security Income payable to the deceased Owner. THE TYPE OF ACCOUNT OWNERSHIP MAY CHANGE HOW YOUR FUNDS ARE PAID UPON YOUR DEATH, EVEN IF YOUR WILL STATES OTHERWISE. PLEASE CONSULT YOUR ESTATE PLANNINGADVISOR ORATTORNEYABOUT YOUR CHOICES.

Death or Incompetence of an Account Owner. Untilwereceive Untilwe receive notice of death or incompetence ofdeath orincompetence of anyAccount Owner,, wemay continue to actupon continueto act upon theAccount as if all Ownersarealive orcompetent. Youagree You agree to notifyus immediately if anyAccount OwnerorAuthorized Signer has died or deemed ordeemed incompetent bya court. After we receive a death certificate regarding anyOwner on the Account, we may restrict the Account and not allow any transactions and may return deposits. We may also choose to further restrict the Account if we receive information from the Social Security Administration that an Account Owner is deceased, but we have no obligation to do so until we receive a valid death certificate. If a transaction is presented for payment after the Owner’s date of KǁŶĞdƌate͛oƐf death, wemaypaythe transactionwemaypaythetransaction. If thereis anyoutstanding debt, that amount is still isstill owed to us and we mayexercise our Setoff rights (our right to apply funds applyfunds in one Account to the debt associated with another Account) or securityinterest orsecurity interest rights against the funds in the Account. If we receive a deposit for the deceased Owner, we may debit the Account and return the deposit back to the payor. This includes salary, pension, Social Security and Supplement Security Income payable to the deceased Owner. THE TYPE OF ACCOUNT OWNERSHIP MAY CHANGE HOW YOUR FUNDS ARE PAID UPON YOUR DEATH, EVEN IF YOUR WILL STATES OTHERWISE. PLEASE CONSULT YOUR ESTATE PLANNINGADVISOR ORATTORNEYABOUT PLANNINGADVISORORATTORNEYABOUT YOUR CHOICES.

Death or Incompetence of an Account Owner. Untilwereceive notice of death or incompetence Untilwe receivenotice ofdeath orincompetence of anyAccount Owner,, wemay continue to actupon continueto act upon theAccount as if all Ownersarealive orcompetent. Youagree You agree to notifyus immediately if anyAccount OwnerorAuthorized Owner orAuthorized Signer has died or deemed ordeemed incompetent bya court. After we receive a death certificate regarding anyOwner on the Account, we may restrict the Account and not allow any transactions and may return deposits. We may also choose to further restrict the Account if we receive information from the Social Security Administration that an Account Owner is deceased, but we have no obligation to do so until we receive a valid death certificate. If a transaction is presented for payment after the Owner’s date of death, wemaypaythe transaction. If thereis anyoutstanding debt, that amount is still isstill owed to us and we mayexercise our Setoff rights (our right to apply funds in one Account to the debt associated with another Account) or securityinterest orsecurityinterest rights against the funds in the Account. If we receive a deposit for the deceased Owner, we may debit the Account and return the deposit back to the payor. This includes salary, pension, Social Security and Supplement Security Income payable to the deceased Owner. THE TYPE OF ACCOUNT OWNERSHIP MAY CHANGE HOW YOUR FUNDS ARE PAID UPON YOUR DEATH, EVEN IF YOUR WILL STATES OTHERWISE. PLEASE CONSULT YOUR ESTATE PLANNINGADVISOR ORATTORNEYABOUT YOUR CHOICES.

Death or Incompetence of an Account Owner. Untilwereceive Until we receive notice of death or incompetence of anyAccount Owner,wemay , we may continue to actupon act upon theAccount as if all Ownersarealive orcompetentOwners are alive or competent. Youagree You agree to notifyus notify us immediately if anyAccount OwnerorAuthorized Signer Owneror Authorized Xxxxxx has died or deemed incompetent bya court. After we receive a death certificate regarding anyOwner any Owner on the Account, we may restrict the Account and not allow any transactions and may return deposits. We may also choose to further restrict the Account if we receive information from the Social Security Administration that an Account Owner is deceased, but we have no obligation to do so until we receive a valid death certificate. If a transaction is presented for payment after the Owner’s date of death, wemaypaythe we maypaythe transaction. If thereis anyoutstanding debt, that amount is still owed to us and we mayexercise our Setoff rights (our right to apply funds in one Account to the debt associated with another Account) or securityinterest security interest rights against the funds in the Account. If we receive a deposit for the deceased Owner, we may debit the Account and return the deposit back to the payor. This includes salary, pension, Social Security and Supplement Security Income payable to the deceased Owner. THE TYPE OF ACCOUNT OWNERSHIP MAY CHANGE HOW YOUR FUNDS ARE PAID UPON YOUR DEATH, EVEN IF YOUR WILL STATES OTHERWISE. PLEASE CONSULT YOUR ESTATE PLANNINGADVISOR ORATTORNEYABOUT PLANNING ADVISOR OR ATTORNEYABOUT YOUR CHOICES.

Death or Incompetence of an Account Owner. Untilwereceive Until we receive notice of death or incompetence of anyAccount any Account Owner,wemay , we may continue to actupon theAccount act upon the Account as if all Ownersarealive orcompetentOwners are alive or competent. Youagree You agree to notifyus notify us immediately if anyAccount OwnerorAuthorized Signer any Account Owner or Authorized Xxxxxx has died or deemed incompetent bya court. After by a couG. Xxxx we receive a death certificate ceGificate regarding anyOwner any Owner on the Account, we may restrict the Account and not allow any transactions transactions, and may return deposits. We may also choose to further fuGher restrict the Account if we receive information from the Social Security Administration that an Account Owner is deceased, but we have no obligation to do so until we receive a valid death certificateceGificate. If a transaction is presented for payment after xxxx the Owner’s date of death, wemaypaythe we may pay the transaction. If thereis anyoutstanding there is any outstanding debt, that amount is still owed to us and we mayexercise may exercise our Setoff rights (our right to apply funds in one Account to the debt associated with another Account) or securityinterest security interest rights against the funds in the Account. If we receive a deposit for the deceased Owner, we may debit the Account and return the deposit back to the payor. This includes salary, pension, Social Security and Supplement Security Income payable to the deceased Owner. THE TYPE OF ACCOUNT OWNERSHIP MAY CHANGE HOW YOUR FUNDS ARE PAID UPON YOUR DEATH, EVEN IF YOUR WILL STATES OTHERWISE. PLEASE CONSULT YOUR ESTATE PLANNINGADVISOR ORATTORNEYABOUT PLANNING ADVISOR OR ATTORNEY ABOUT YOUR CHOICES.