Common use of General Xxxxx Xxxxxxxxx Account Ownership, Agents, and Beneficiary Designation for All Accounts Clause in Contracts

General Xxxxx Xxxxxxxxx Account Ownership, Agents, and Beneficiary Designation for All Accounts. 1. These rules apply to your accounts depending on the form of ownership and beneficiary designation, if any, specified on the account records. We reserve the right to refuse some forms of ownership on any or all of our accounts. We may also refuse to open an account or add an additional owner or beneficiary for any reason, or otherwise refuse to do business with an individual. We make no representations as to the appropriateness or effect of the ownership and beneficiary designation, except as they determine to whom we pay the account funds. You may open an account either by yourself, referred to as an “individual account,” or with another person or persons, referred to as a “multiple-party account” or a “joint account.” For purposes of this Agreement, we use the term “joint account.”