Forms of Account Ownership i. Consumer Accounts:
Forms of Account Ownership. Special Accounts Ownership of your account is determined by the most current signature card. However, we are authorized (but not required) to rely on the account ownership information contained in our deposit system unless you notify us that the most current signature card and the deposit system contain different information.
Forms of Account Ownership. The way in which your Account is owned is designated on the signature card. We may rely on the form of ownership of your Account, as designated on the signature card, for all purposes relating to your Account. By signing the signature card you are approving the form of ownership and titling of your Account designated on the signature card. We have no responsibility to inform you as to how the designated form of ownership or titling affects your legal interests. If you have any questions regarding those matters, you should consult your own attorney, as you bear the sole responsibility for them. Based upon the type of account ownership that you have designated, the following terms and conditions apply. When we accept a deposit to an account or permit a withdrawal or payment from an account, we may rely upon the form of the account and the terms of the Agreement at the time we process the transaction. We do not have to inquire about the source or ownership of any funds we receive for deposit or about the application of any withdrawal or payment from an account. When we permit a withdrawal or payment from an account at the request of any signer, or the agent of any signer, in accordance with the terms of the Agreement, the withdrawal or payment completely releases and discharges us from all claims regarding the withdrawal or payment.
Forms of Account Ownership. This provision applies only to Consumer accounts. You can open an account that you own alone, or with more than one person. If the account is owned with more than one person, it is considered a joint account.
Forms of Account Ownership
