Common use of Funds & Checks Presumed Unclaimed Property Clause in Contracts

Funds & Checks Presumed Unclaimed Property. If there is no activity on an account, such as deposits and withdraw- als, and we are unable to contact you for a set period of time, state law considers the funds in the account “abandoned” and requires or allows us to send the funds to the state as unclaimed property. Once we have sent the funds to the state, the account will be ter- minated and you will need to reclaim the funds by contacting the appropriate state agency. Similarly, if our cashier’s or teller’s checks are outstanding and unpaid for a specified period of time, state law also considers them “abandoned,” requiring or allowing us to send the funds to the state as unclaimed property. If anyone presents our check after the funds have been sent to the state as unclaimed property, she or he will need to seek payment by con- tacting the appropriate state agency.

Funds & Checks Presumed Unclaimed Property. If there is no activity on an account, such as deposits and withdraw- als, and we are unable to contact you for a set period of time, state law considers the funds in the account “abandoned” and requires or allows us to send the funds to the state as unclaimed property. Once we have sent the funds to the state, the account will be ter- minated terminated and you will need to reclaim the funds by contacting the appropriate state agency. Similarly, if our cashier’s or teller’s checks are outstanding out- standing and unpaid for a specified period of time, state law also considers them “abandoned,” requiring or allowing us to send the funds to the state as unclaimed property. If anyone presents our check after the funds have been sent to the state as unclaimed property, she or he will need to seek payment by con- tacting contacting the appropriate state agency.

Funds & Checks Presumed Unclaimed Property. If there is no activity on an account, such as deposits and withdraw- alswithdrawals, and we are unable to contact you for a set period of time, state law considers the funds in the account “abandoned” and requires or allows us to send the funds to the state as unclaimed property. Once we have sent the funds to the state, the account will be ter- minated terminated and you will need to reclaim the funds by contacting the appropriate state agency. Similarly, if our cashier’s or teller’s checks are outstanding and unpaid for a specified period of time, state law also considers them “abandoned,” requiring or allowing us to send the funds to the state as unclaimed property. If anyone presents our check after the funds have been sent to the state as unclaimed property, she or he will need to seek payment by con- tacting contacting the appropriate state agency.

Funds & Checks Presumed Unclaimed Property. If there is no activity on an account, such as deposits and withdraw- als, and we are unable to contact you for a set period of time, state law considers the funds in the account “abandoned” and requires or allows us to send the funds to the state as unclaimed property. Once we have sent the funds to the state, the account will be ter- minated terminated and you will need to reclaim the funds by contacting the appropriate state agency. Similarly, if our cashier’s or teller’s checks are outstanding and unpaid for a specified period of time, state law also considers them “abandoned,” requiring or allowing us to send the funds to the state as unclaimed property. If anyone presents our check after the funds have been sent to the state as unclaimed property, she or he will need to seek payment by con- tacting the appropriate state agency.

Funds & Checks Presumed Unclaimed Property. If there is no activity on an account, such as deposits and withdraw- alswith- drawals, and we are unable to contact you for a set period of time, state law considers the funds in the account “abandoned” and requires or allows us to send the funds to the state as unclaimed propertyprop- erty. Once we have sent the funds to the state, the account will be ter- minated terminated and you will need to reclaim the funds by contacting the appropriate state agency. Similarly, if our cashier’s or teller’s checks are outstanding and unpaid for a specified period of time, state law also considers them “abandoned,” requiring or allowing us to send the funds to the state as unclaimed property. If anyone presents our check after the funds have been sent to the state as unclaimed un- claimed property, she or he will need to seek payment by con- tacting contact- ing the appropriate state agency.