Common use of Form of Account Ownership and Distribution of Account Assets Clause in Contracts

Form of Account Ownership and Distribution of Account Assets. Xxxxxx Xxxxx is instructed to maintain the Account in the form of ownership and survivorship I have indicated on the Account Authorization and Agreement Form. Such action may result in a different distribution of the assets in the Account upon the death of the owners than would be prescribed by the law of intestacy. My signature on the Account Authorization and Agreement Form acknowledges my understanding of and intention to make such a designation. This selection is legally binding upon the survivorship rights of the owners of this Account.

Form of Account Ownership and Distribution of Account Assets. Xxxxxx Xxxxx is instructed to maintain the Account account in the form of ownership and survivorship I have indicated on the Account Authorization and Agreement Form. Such action may result in a different distribution of the assets in the Account account upon the death of the owners than would be prescribed by the law of intestacy. My signature on the Account Authorization and Agreement Form acknowledges my understanding of and intention to make such a designation. This selection is legally binding upon the survivorship rights of the owners of this Accountaccount.