Joint Account Authorization Sample Clauses
Joint Account Authorization. In consideration of Your carrying a joint account for the persons identified as the account holders, we jointly and severally agree to be fully and completely responsible and liable for this account and to pay on demand any balance due. Each of us, or any person authorized to act on behalf of the account under a separate agreement, has full power and authority to make purchases and sales, withdraw funds and securities from, or to do anything else with reference to the account. You are authorized and directed to act upon instructions received from any of us. Suitability information provided by us reflects the combined interests of all joint owners. We understand that tax reporting information is processed using the social security number of the person first named in the registration. Each of us agrees to hold You and Your employees and agents harmless from and indemnify them against any losses, causes of action, damages and expenses (including attorney’s fees) arising from or as the result of You, Your employees or agents following the instructions of any of us. Axos Clearing in its sole discretion may at any time suspend all activity in the joint account pending instructions from a court of competent jurisdiction or require that instructions pertaining to the joint account or the property therein be in writing, signed by all of us. You may recover from the account or from any of us such costs as You may incur, including reasonable attorney’s fees, as the result of any dispute among us relating to or arising from the account. Upon any event that causes a change in the ownership of the joint account (divorce, death, assignment, etc.), all remaining accountholders or survivors shall immediately notify You in writing. You may take such actions in the account as You deem advisable to protect against any tax, liability, penalty or loss under any present or future laws or otherwise. The estate of the decedent or departing accountholder shall be liable together with each of the remaining or surviving accountholders, jointly and severally, to You for any net debit balance or loss in the account in any way resulting from any transactions initiated prior to notification to You or incurred in the liquidation of the account or the adjustment of the interests of the respective parties. Notwithstanding the governing law provisions of this Agreement, the legal ownership of our accounts shall be governed by the internal laws of the state of residence.
Joint Account Authorization. In consideration of Your carrying a joint account for the undersigned persons, we jointly and severally agree to be fully and completely responsible and liable for this account and to pay on demand any balance due. Each of us, or any person authorized to act on behalf of the account under a separate agreement, has full power and authority to make purchases and sales, withdraw funds and securities from, or to do anything else with reference to the account. You are authorized and directed to act upon instructions received from any of us. Suitability information provided on the front page
Joint Account Authorization. You may choose to set up the signing authorities for your joint account to be any one of you / all of you / any number of you, as designated by you on the Signature Card. That designation means that the designated account holder or combination of Account holders:
(A) authorizes us to pay and charge against the Account any Instrument signed by the designated account holder or combination of Account holders, even if the effect is to create or increase an overdraft in the Account, except if it creates an overdraft. If you do not complete this designation, Instruments must be signed by all of you;
(B) may provide instructions to us to close the Account; and
(C) may provide instructions to us regarding the Account and the funds in the account (except as otherwise provided in this Part). Notwithstanding the signing authorities for the Account:
(D) at our discretion, we may require all of you to confirm the instructions regarding the Account or the funds in the Account;
(E) any one of you may make deposits - including cash and the proceeds of any Instrument payable to all or any of you to the Account;
(F) any one of you may provide instructions to stop payment of any Instrument, which act will terminate our authority to pay the Instrument
(G) any one of you may sign receipts for vouchers, sign releases of us with respect to the Account, confirm that the account is correct, and validate vouchers;
(H) any one of you may obtain information about the Account, including information about the Account prior to it becoming a joint account and any joint account holder;
(I) you may not appoint an attorney for the Account without the consent of all of you.
Joint Account Authorization. If My Account is owned by more than one person, My Account shall be a joint account. It will be held in joint tenancy with rights of survivorship, unless I provide notification otherwise and provide the required documentation. For tenants in common, the interest in the tenancy shall be equal, unless We notify Ally Invest otherwise. If the Account is a joint account, then in consideration of Ally Invest carrying a joint account for the undersigned persons, We jointly and severally agree to be fully and completely responsible and liable for the Account and to pay on demand any balance due. Each of Us, or any person authorized to act on behalf of the Account under a separate agreement, has full power and authority to make purchases and sales, withdraw funds and securities from, or to do anything else with reference to the Account.
Joint Account Authorization. In regards of CSLLC carrying a joint account for those who are identified as the account holders, we both agree to be completely responsible, and liable for, this account and to pay on demand any balance due. Both of us agree or any authorized person, to act on behalf of the account under a separate agreement, which has full power and authority to make purchases and sales, withdraw funds, and securities from, or to do anything else with reference to the account. CSLLC is authorized and directed to act upon any instructions received from any of us. Suitability information provided by us reflects the combined interests of all joint account owners. Tax reporting information is processed using the social security number of the first person named in the registration. We both agree CSLLC and CSLLC’s employees and agents harmless from and indemnify them against any losses, causes of action, damages, and expenses (including legal fees) that may arise from a result of CSLLC, employees or agents following the instructions from any of us. CSLLC has the sole discretion at any time to suspend all activity in the joint account pending instructions from a court of competent jurisdiction or require that instructions pertaining to the joint account, or the property therein be in writing, signed by all of us. CSLLC may recover from the account or from any of us such costs which CSLLC may occur, including reasonable attorney fees, as the result of any dispute among us relating to or arising from the account. Upon any event that causes a change in the ownership of the joint account (divorce, death, assignment, etc.) all remaining account holders or survivors must immediately notify CSLLC in writing. CSLLC may take such actions in the account as CSLLC deems suitable to protect tax, liability, or loss under current or future laws. The remaining or surviving accountholder, estate or descendant shall be liable for any net debit balance or loss in the account in any way resulting from any transactions initiated prior to notification to CSLLC or incurred in the liquidation of the account or the adjustment of the interests of the respective parties. Despite the governing law of this Agreement, the legal ownership of our accounts shall be governed by the laws of the state of residence.