Common use of Distribution of Accounts Clause in Contracts

Distribution of Accounts. If you have opened an account for a Trust, you, as Trustee(s), understand and agree that the Credit Union may distribute funds pursuant to the terms of the most recently dated Certificate of Trust Existence on file at the Credit Union, or pursuant to the terms of a court order, and you, on behalf of the Trust, all beneficiaries of the Trust, and all Successor Trustees forever indemnify and hold the Credit Union harmless for distributions made pursuant to that Trust made in good faith reliance on that Certificate of Trust Existence. You further agree that it is your responsibility to notify the Credit Union when a Trust for which an account has been opened has been revoked, rescinded, revised, or in any way modified.