Governing Regulations. Except as amended by this Agreement, electronic funds transfers we permit that are subject to Article 4A of the Uniform Commercial Code will be subject to such provisions of the Uniform Commercial Code as enacted by the state of Ohio. We may execute certain requests for electronic funds transfers by Xxxxxxx. Fedwire transactions are subject to Federal Reserve Board Regulation J. If you are party to an Automated Clearing House (ACH) entry, you acknowledge and agree that such entry will be governed by the National Automated Clearing House Association (NACHA) Operating Rules and of any local ACH and the Rules of any other system which the entry is made. Authorization for Transfers/Debiting of Accounts. Any owner is authorized to make or order electronic funds transfers to or from your account. We will debit your account for the amount of an electronic funds transfer and will charge your account for any fees related to the transfer. If a signature is required to authorize a funds transfer, the required number of signatures of account owners must be present before we will execute the transfer.
Appears in 5 contracts
Samples: Membership Agreement, Membership Agreement, Membership Agreement
