Joint Account Owner Liability. If a deposited item in a joint account is returned unpaid, an account is overdrawn or we do not receive final payment on a transaction, the owners, jointly and severally, are liable to us for the amount of the returned item, overdraft or unpaid amount and any charges regardless of who initiated or benefited from the transaction. If any account owner is indebted to us, we may enforce our rights against any account of an owner or all funds in the joint account regardless of who contributed them.
Appears in 6 contracts
Samples: Membership and Account Agreement, Membership and Account Agreement, Membership and Account Agreement
Joint Account Owner Liability. If a any item deposited item in a joint account is returned unpaid, unpaid or an account is overdrawn overdrawn, or if we do not receive final payment on a any transaction, each of the owners, multiple account owners is jointly and severally, are severally liable to us the Credit Union for the amount of the returned item, overdraft overdraft, or unpaid amount amount, and any charges and transaction, regardless of who initiated created the overdraft, deposited or cashed the item, or benefited from or initiated the transaction. If A joint owner shall be responsible for returning any account unused checks or access devices from any joint owner is indebted to us, we may enforce our rights against any account of an owner or all funds in the joint account regardless of who contributed them.removed from the
Appears in 1 contract
Samples: Membership and Account Agreement
