Issuance of Cards. The Depositor may request the issuance of additional cards in the name of the persons authorized in the Account. The Cooperative will be authorized to recognize as valid the requested and authorized cards and the secret number selected by each cardholder, in the case of withdrawals or transfers of funds made in relation to the Account. Anyone who is granted the use of the Cards will be considered the third beneficiary of the agreement extended here under the terms and conditions of this Agreement. Consequently, they are jointly and severally liable with the Account owner for any debit made under the additional card issued, be it authorized or unauthorized debit and whether caused by lost or stolen Cards.
Appears in 4 contracts
Samples: Shareholder Account Agreement, Checking Account Agreement, Shareholder Agreement
