Common use of Joint Account Owner Liability Clause in Contracts

Joint Account Owner Liability. If any item deposited in a joint account is returned unpaid or an account is overdrawn, or if we do not receive final payment on any transaction, each of the account owners, including any joint owners, is jointly and severally liable to the Credit Union for the amount of the returned item, overdraft, or unpaid amount and any fees, regardless of who created the overdraft, deposited or cashed the item, or benefited from the transaction. If any account owner, including any joint owner, is indebted to the Credit Union, we may enforce our rights against any or all funds in the joint account, regardless of who contributed funds to the joint account.

Appears in 10 contracts

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

AutoNDA by SimpleDocs

Joint Account Owner Liability. If any item deposited in a joint account is returned unpaid or an account is overdrawn, or if we do not receive final payment pay- ment on any transaction, each of the multiple account owners, including any joint owners, owners is jointly and severally liable to the Credit Union for the amount of the returned item, overdraft, or unpaid amount and any feescharges, regardless of who created the overdraft, deposited depos- ited or cashed the item, item or benefited from the transaction. If any account owner, including any joint owner, owner is indebted to the Credit Union, we the Credit Union may enforce our its rights against any or all funds in the joint account, account regardless of who contributed the funds to the joint account.

Appears in 6 contracts

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

Joint Account Owner Liability. If any item deposited in a joint account is returned unpaid or an account is overdrawnover- drawn, or if we do not receive final payment on any transaction, each of the multiple account owners, including any joint owners, owners is jointly and severally liable to the Credit Union for the amount of the returned item, overdraft, or unpaid amount and any feescharges, regardless of who created the overdraft, deposited or cashed the item, item or benefited benefitted from the transaction. If any account owner, including any joint owner, owner is indebted to the Credit Union, we the Credit Union may enforce our its rights against any or all funds in the joint account, account regardless of who contributed the funds to the joint account.

Appears in 3 contracts

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

Joint Account Owner Liability. If any item deposited in a joint account (Share/Share Draft/Other Share Savings) is returned unpaid or an account is overdrawn, or if we do not receive final payment on any transaction, each of the joint account owners, including any joint owners, owners is jointly and severally liable to the Credit Union for the amount of the returned item, overdraft, item or unpaid amount overdraft and any feescharges, regardless of who created the overdraft, deposited or cashed the item, item or benefited from the transaction. If any joint account owner, including any joint owner, owner is indebted to the Credit Union, or if we do not receive final payment on an item, the Credit Union may enforce our its rights against any or all funds in the joint account, regardless or any account(s) of who contributed funds to the joint accountany account owner.

Appears in 3 contracts

Samples: Membership Agreement, Membership Agreement, Membership Agreement

Joint Account Owner Liability. If any item deposited in a joint account is returned unpaid or an account is overdrawn, or if we do not receive final payment on any transaction, each of the multiple account owners, including any joint owners, owners is jointly and severally liable to the Credit Union for the amount of the returned item, overdraft, or unpaid amount and any feescharges, regardless of who created the overdraft, deposited or cashed the item, or benefited from the transaction. If any account owner, including any joint owner, owner is indebted to the Credit Union, we the Credit Union may enforce our its rights against any or all funds in the joint account, account regardless of who contributed the funds to the joint account.

Appears in 2 contracts

Samples: Account Agreement, Account Agreement

Joint Account Owner Liability. If any item deposited in a joint account is returned unpaid or an account is overdrawn, or if we do not receive final payment on any transaction, each of the joint account owners, including any joint owners, owners is jointly and severally liable to the Credit Union for the amount of the returned item, overdraft, item or unpaid amount overdraft and any feescharges, regardless of who created the overdraft, deposited or cashed the item, item or benefited from the transaction. If any joint account owner, including any joint owner, owner is indebted to the Credit UnionUnion such that the Credit Union has a lien against an account of that joint account owner, we the Credit Union may enforce our its rights against any or all funds in the joint account, or the joint account owner’s other accounts, regardless of who contributed the funds to the joint accountaccount(s).

Appears in 1 contract

Samples: Membership and Account Agreement

AutoNDA by SimpleDocs

Joint Account Owner Liability. If any item deposited in a joint account is returned unpaid or an account is overdrawn, or if we do not receive final payment on any transaction, each of the multiple account owners, including any joint owners, owners is jointly and severally liable to the Credit Union for the amount of the returned item, overdraft, or unpaid amount and any feescharges, regardless of who created the overdraft, deposited or cashed the item, item or benefited from the transaction. If any account owner, including any joint owner, owner is indebted to the Credit Union, we the Credit Union may enforce our its rights against any or all funds in the joint account, ac- count regardless of who contributed the funds to the joint account.

Appears in 1 contract

Samples: Membership & Account Agreement

Joint Account Owner Liability. If any item deposited in a joint account is returned unpaid or an account is overdrawn, or if we do not receive final payment on any transaction, each of the multiple account owners, including any joint owners, owners is jointly and severally liable to the Credit Union for the amount of the returned item, overdraft, or unpaid amount and any feescharges, regardless of who created the overdraft, deposited depos- ited or cashed the item, item or benefited from the transaction. If any account owner, including any joint owner, owner is indebted to the Credit Union, we the Credit Union may enforce our its rights against any or all funds in the joint account, account regardless of who contributed the funds to the joint account.

Appears in 1 contract

Samples: Membership & Account Agreement

Joint Account Owner Liability. If any item deposited depos- ited in a joint account is returned unpaid or an account is overdrawn, or if we do not receive final payment on any transaction, each of the multiple account owners, including any joint owners, owners is jointly and severally liable to the Credit Union credit union for the amount of the returned item, overdraft, or unpaid amount and any feescharges, regardless of who created the overdraft, deposited or cashed the item, item or benefited from the transaction. If any account owner, including any joint owner, owner is indebted to the Credit Unioncredit union, we the credit union may enforce our its rights against any or all funds in the joint account, ac- count regardless of who contributed the funds to the joint account.

Appears in 1 contract

Samples: Membership & Account Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!