Common use of Joint and Several Liability for Joint Accounts Clause in Contracts

Joint and Several Liability for Joint Accounts. If a Credit Union Account has more than one owner, whether that person is designated as a "member," "joint owner" or otherwise, each owner acknowledges joint and several liability for all activity occurring on the joint Account. Each of you agrees that if you become indebted to us as a result of authorized use of the Services and that debt is not paid upon our demand or as otherwise required by any Agreement any of you have with us, we can, unless prohibited by law or an agreement governing an Account, take funds from any Credit Union Account in which any of you has an interest to recover all or part of the unpaid debt, without notice and without waiving other rights we have to collect the debt.

Appears in 4 contracts

Samples: Municipal Employees, Deposit Capture Agreement, Deposit Capture Agreement and Disclosure

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Joint and Several Liability for Joint Accounts. If a Credit Union Mocse Account has more than one owner, whether that person is designated as a "member," "” “joint owner" or otherwise, each owner acknowledges joint and several liability for all activity occurring on the joint Account. Each of you agrees that if you become indebted to us as a result of authorized use of the Services and that debt is not paid upon our demand or as otherwise required by any Agreement any of you have has with us, we can, unless prohibited by law or an agreement governing an Account, take funds from any Credit Union Mocse Account in which any of you has an interest to recover all or part of the unpaid debt, without notice and without waiving other rights we have to collect the debt.debt.‌

Appears in 2 contracts

Samples: www.mocse.org, www.mocse.org

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Joint and Several Liability for Joint Accounts. If a Credit Union Account has more than one owner, whether that person is designated as a "member," "joint owner" or otherwise, each owner acknowledges joint and several liability for all activity occurring on the joint Account. Each of you agrees that if you become indebted to us as a result of authorized use of the Services Mobile Deposit Service and that debt is not paid upon our demand or as otherwise required by any Agreement any of you have with us, we can, unless prohibited by law or an agreement governing an Account, take funds from any Credit Union Account in which any of you has an interest to recover all or part of the unpaid debt, without notice and without waiving other rights we have to collect the debt.

Appears in 1 contract

Samples: Electronic Services Agreement and Disclosure

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