Common use of DISPUTED OWNERSHIP Clause in Contracts

DISPUTED OWNERSHIP. If a dispute arises over control of or access to your account, or if we receive conflicting instructions from you (including any owner, joint account holder, contracting officer and/or other authorized signer on your account), or in the case of a corporate or partnership or association/ LLC account, conflicting board resolutions or partnership authorizations or member instructions, we may require, but are not obligated to require, the signatures of all authorized signers or any or all owners, joint account holder or contracting officers, on items, withdrawals, or other transactions. We may also, but are not obligated to, “freeze” the account until we get evidence satisfactory to us that either the dispute is resolved or there is general agreement on payment of or access to the funds in the account. During the time that we require additional signatures or freeze the account, you authorize us to do one or more of the following: