Common use of Individual Accounts Clause in Contracts

Individual Accounts. An individual account is an account owned by one (1) member (individual, corporation, partnership, trust, or other organization) qualified for credit union membership. If the account owner dies, the interest passes, subject to applicable law, to the account owner’s estate or Payable on Death (POD) beneficiary/payee or trust beneficiary, subject to other provisions of this Agreement governing our protection for honoring transfer and withdrawal requests of an owner or owner’s agent prior to notice of an owner’s death, and to any security interest or pledge granted by the account owner, and subject to our statutory lien rights.

Appears in 24 contracts

Samples: Account Agreement, Membership and Account Agreement, Membership and Account Agreement

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Individual Accounts. An individual account is an account owned by one (1) member (individual, corporation, partnership, trust, or other organization) qualified for credit union membership. If the account owner dies, the interest passes, subject to applicable law, to the account owner’s 's estate or Payable on Death (POD) beneficiary/payee or trust beneficiary, subject to other provisions of this Agreement governing our protection for honoring transfer and withdrawal requests of an owner or owner’s 's agent prior to notice of an owner’s 's death, and to any security interest or pledge granted by the account owner, and subject to our statutory lien rights.

Appears in 10 contracts

Samples: Membership and Account Agreement, Membership and Account Agreement, Membership and Account Agreement

Individual Accounts. An individual account is an account owned by one (1) member (individual, corporation, partnership, trust, trust or other organization) qualified for credit union membership. If the account owner dies, the interest passes, subject to applicable law, to the account owner’s estate or Payable on Death (POD) beneficiary/payee or trust beneficiary, subject to other provisions of this Agreement governing our protection for honoring transfer and withdrawal requests of an owner or owner’s agent prior to notice of an owner’s death, death and to any security interest or pledge granted by the account owner, owner and subject to our statutory lien rights.

Appears in 9 contracts

Samples: Membership and Account Agreement, Membership and Account Agreement, Membership and Account Agreement

Individual Accounts. An individual account is an account owned by one (1) member (individual, corporation, partnership, trust, trust or other organization) qualified for credit union membership. If the account owner dies, the interest passes, subject to applicable law, to the account owner’s 's estate or Payable on Death (POD) beneficiary/payee or trust beneficiary, subject to other provisions of this Agreement governing our protection for honoring transfer and withdrawal requests of an owner or owner’s 's agent prior to notice of an owner’s death, 's death and to any security interest or pledge granted by the account owner, owner and subject to our statutory lien rights.

Appears in 3 contracts

Samples: Membership and Account Agreement, Membership and Account Agreement, Membership and Account Agreement

Individual Accounts. An individual account is an account owned by one (1) member (individual, corporation, partnership, trust, or other organization) qualified for credit union membership. If the account owner dies, the interest passes, subject to applicable law, to the account owner’s 's estate or Payable on Death (POD) beneficiary/payee or trust beneficiary, subject to other provisions of this Agreement governing our protection for honoring transfer and withdrawal requests of an owner or owner’s owner s agent prior to notice of an owner’s death, and to any security interest or pledge granted by the account owner, and subject to our statutory lien rights.

Appears in 3 contracts

Samples: Membership and Account Agreement, Membership and Account Agreement, Membership and Account Agreement

Individual Accounts. An individual account is an account owned by one (1) member (individual, corporation, partnership, trust, trust or other organization) qualified for credit union membership. If the account owner dies, the interest passes, subject to applicable law, to the account owner’s estate or Payable on Death (POD) beneficiary/beneficiary/ payee or trust beneficiary, subject to other provisions of this Agreement governing our protection for honoring transfer and withdrawal requests of an owner or owner’s agent prior to notice of an owner’s death, death and to any security interest or pledge granted by the account owner, owner and subject to our statutory lien rights.

Appears in 2 contracts

Samples: Membership and Account Agreement, Membership and Account Agreement

Individual Accounts. An individual account is an account owned by one (1) member (individual, corporation, partnership, trust, trust or other organization) qualified for credit union membership. If the account owner dies, the interest passes, subject to applicable law, to the account owner’s 's estate or Payable on Death (POD) beneficiary/payee or trust beneficiary, subject to other provisions of this Agreement governing our protection for honoring transfer and withdrawal requests of an owner or owner’s 's agent prior to notice of an owner’s death, 's death and to any security interest or pledge granted by the account owner, owner and subject to our statutory lien rights.

Appears in 2 contracts

Samples: Membership and Account Agreement, Membership and Account Agreement

Individual Accounts. An individual account is an account owned ow xxx by one (1) member (individual, corporation, partnership, trust, or other organizationfiduciary) qualified for credit union membership. If the account owner ow ner dies, the interest passes, subject to applicable lawlaw , to the account owner’s ' s estate or Payable on Death (POD) beneficiary/payee or trust beneficiarypayee, subject to other provisions of this Agreement governing our protection for honoring transfer and withdrawal withdraw al requests of an owner or owner’s ow ner' s agent prior to notice of an owner’s ' s death, and to any security interest or pledge granted by the account ownerow ner, and subject to our statutory lien and offset rights.

Appears in 1 contract

Samples: Membership and Account Agreement

Individual Accounts. An individual account is an account owned by one (1) member (individual, corporation, partnership, trust, trust or other organization) qualified for credit union Credit Union membership. If the account owner dies, the interest passes, subject to applicable law, to the account owner’s estate or Payable on Death (POD) beneficiary/payee or trust beneficiary, subject to other provisions of this Agreement governing our protection for honoring transfer and withdrawal requests of an owner or owner’s 's agent prior to notice of an owner’s death, 's death and to any security interest or pledge granted by the account owner, and subject to our statutory lien rights.

Appears in 1 contract

Samples: Membership and Account Agreement

Individual Accounts. An individual account is an account owned by one (1) member (individual, corporation, partnership, trust, or other organization) qualified for credit union Credit Union membership. If the account owner dies, the interest passes, subject to applicable law, to the account owner’s estate or Payable on Death (POD) beneficiary/payee or trust beneficiary, subject to other provisions of this Agreement governing our protection for honoring transfer and withdrawal requests of an owner or owner’s agent prior to notice of an owner’s death, and to any security interest or pledge granted by the account owner, and subject to our statutory lien rights.

Appears in 1 contract

Samples: Account Terms and Conditions

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Individual Accounts. An individual account is an account owned by one one (1) member (individual, corporation, partnership, trust, or other organization) qualified qual- ified for credit union membership. If the account owner dies, the interest passespass- es, subject to applicable law, to the account owner’s estate or Payable on Death (POD) beneficiary/payee or trust beneficiary, subject to other provisions of this Agreement governing our protection for honoring transfer and withdrawal requests of an owner or owner’s agent prior to notice of an owner’s death, and to any security secu- rity interest or pledge granted by the account owner, and subject to our statutory lien rights.

Appears in 1 contract

Samples: Membership and Account Agreement

Individual Accounts. An individual account is an account owned by one (1) member (individual, corporation, partnership, trust, or other organization) qualified for credit union membership. If the account owner dies, the interest passes, subject to applicable law, to the account owner’s estate or Payable on Death (POD) beneficiary/payee or trust beneficiary, subject to other provisions of this the Agreement governing our protection for honoring transfer and withdrawal requests of an owner or owner’s agent prior to notice of an owner’s death, and to any security interest or pledge granted by the account owner, and subject to our statutory lien rights.

Appears in 1 contract

Samples: Membership and Account Agreement

Individual Accounts. An individual account is an account owned by one (1) member (individual, corporation, partnership, trust, or other organization) qualified for quali ied or credit union membership. If I the account owner dies, the interest passes, subject to applicable law, to the account owner’s estate or Payable on Death (POD) beneficiarybene iciary/payee or trust beneficiarybene iciary, subject to other provisions of this o the Agreement governing our protection for or honoring transfer trans er and withdrawal requests of o an owner or owner’s agent prior to notice of o an owner’s death, and to any security interest or pledge granted by the account owner, and subject to our statutory lien rights.

Appears in 1 contract

Samples: Membership and Account Agreement

Individual Accounts. An individual account is an account owned by one (1) member (individual, corporation, partnership, trust, trust or other organization) qualified for credit union Credit Union membership. If the account owner dies, the interest passes, subject to applicable law, to the account owner’s estate or Payable on Death (POD) beneficiary/payee or trust beneficiary, subject to other provisions of this Agreement governing our protection for honoring transfer and withdrawal requests of an owner or owner’s agent prior to notice of an owner’s death, death and to any security interest or pledge granted by the account owner, owner and subject to our statutory lien rights.

Appears in 1 contract

Samples: Membership and Account Agreement

Individual Accounts. An individual account is an account owned by one (1) member (individual, corporation, corporation ,partnership, trust, or other organization) qualified for credit union membership. If the account owner dies, the interest passes, subject to applicable lawJaw, to the account owner’s owner ‘s estate or Payable on Death (POD) beneficiary/payee or trust t rust beneficiary, subject to other provisions of or this Agreement governing our protection for honoring transfer and withdrawal requests of or an owner or owner’s agent prior to notice of an owner’s death, and to any security interest or pledge granted by the account owner, and subject to our statutory lien rights.

Appears in 1 contract

Samples: Membership and Account Agreement

Individual Accounts. An individual account is an account owned by one the (1) member Primary Member only (individual, corporation, partnership, trust, or other organization) qualified for credit union membershipMembership. If the account owner dies, the interest passes, subject to applicable law, to the account owner’s estate or Payable on Death (POD) beneficiary/beneficiary/ payee or trust beneficiary, subject to other provisions of this Agreement governing our protection for honoring transfer and withdrawal requests of an owner or owner’s agent prior to notice of an owner’s death, and to any security interest or pledge granted by the account owner, and subject to our statutory lien rights.

Appears in 1 contract

Samples: Membership Agreement

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