Joint or Multiple-Party Accounts. When the Customer opens a joint account, it shall be held by Broker in joint tenancy with rights of survivorship, unless the Customer notifies the Broker otherwise and provides additional information. For tenants in common, the interest in the tenancy shall be equal, unless Broker received written instruction from each Account holder. If the Account is a joint account, the undersigned persons, jointly and severally agree to be fully and completely responsible and liable for the Account and to pay on demand any balance due. Each undersigned person, 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. Broker is authorized and directed to act upon instructions received from each individual Account holder. Tax reporting information is processed consistent with Section 20 herein using the social security number of the person first named on a jointly held Account. Broker in its sole discretion may at any time suspend all activity in the Account pending instructions from a court of competent jurisdiction or require that instructions pertaining to the Account or the Property therein be in writing, signed by each Account owner. Broker may recover from the Account or from any Account owner such costs as Broker may incur, including reasonable attorney's fees, as the result of any dispute among Broker and Customer relating to or arising from the Account. Upon any event that causes a change in the ownership of the Account (divorce, death, assignment, etc.), all remaining account holders or survivors shall immediately notify Broker in writing. Broker may take such actions in the Account as Broker deems 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 account holder shall be liable together with each of the remaining or surviving account holders, jointly and severally, to Broker for any net debit balance or loss in the Account in any way resulting from any transactions initiated prior to notification to Broker or incurred in the liquidation of the Account or the adjustment of the interests of the respective parties. The Customer understands that legal ownership of Accounts shall be governed by the internal laws of the state of residence. The Customer also understands that applicable laws cover...
Joint or Multiple-Party Accounts. If an Account is opened by two or more Owners, or if one or more Owners are added to a Single Party Account after the Account is opened, the Account will be a Joint or Multiple-Party Account. The Owners to the Account own the Account in proportion to their net contributions to the Account. Payment to any Party shall be valid and discharge the Credit Union from any and all liability for such payment. Except as otherwise provided in this Agreement, the Credit Union may accept instructions from any Party or act at the request of any Party with regard to any such Account without the consent of any other Party to the Account. Each Owner authorizes all other Parties to the Account to act on his or her behalf with respect to the Account and to endorse any instrument payable to him or her for deposit to any such Account. Without the consent or joinder of any other Owner and without regard to the interest in the Account of any other Owner, any Party to the Account may (i) make deposits to or withdraw funds from the Account, (ii) place stop payment orders with respect to any items drawn on the Account by any Account Party (iii) pledge all of the shares or deposits in an Account to secure any indebtedness owing to us, or (iv) designate an Account to provide overdraft protection for any other Account. The Owners agree that the Credit Union may pay funds in any Joint or Multiple-Party Account to or on the order of any Party, regardless of whether any other Owner is incapacitated or deceased. The Primary Member in whose name a Joint or Multiple-Party Account is opened may, without notice to any other Party of such Account and upon written notice to the Credit Union in such form as the Credit Union may require, change the form of the Account, add Parties to the Account, remove any Parties from the Account, or stop or vary payment under the terms of the Account. Any such action by the Primary Member will terminate any interest that the removed Party may have in such Account. At its option, the Credit Union may require that an Account be closed and a new Account opened in lieu of permitting the Primary Member to remove any Party from the Account, or the Credit Union may require the consent of one or more Account Parties prior to acting upon any written notification or instruction by a Primary Member to remove a Party from an Account. No other Party to a Joint or Multiple-Party Account may make any such change, addition or deletion, except any Party to a Joint or Multiple-P...
Joint or Multiple-Party Accounts. If the EFT Services are used to access any Joint or Multiple Party Account, all Joint Owners and any other authorized users shall be bound by this Agreement and alone and together shall be responsible for all EFT transactions to or from any account as provided in this Agreement. Each Joint Owner, without the consent of any other Owner, may and is hereby authorized by every other Joint Owner to make any transaction permitted under this Agreement. Each Joint Owner or other authorized user is authorized to act for the other Joint Owners and the Credit Union may accept orders and instructions regarding any EFT transaction on any Account from any Joint Owner or authorized user. We reserve the right to require the consent of one or more Owners before acting on the instructions of an authorized user, and we may refuse to honor EFT instructions if we receive conflicting instructions from any Joint Owners or authorized users.
Joint or Multiple-Party Accounts. If there is more than one account holder, each account holder is jointly and severally liable for obligations arising under the Account Agreement or relating to the Account. Each joint account holder has authority, acting individually and without notice to any other account holder, to deal with us as fully and completely as if the account holder is the sole account holder. We are authorized to follow the instructions of any joint account holder and to deliver funds, securities or other assets in the Account to any account holder or upon any account holder’s instructions. We are not responsible for determining the purpose or propriety of an instruction we receive from any account holder or for the disposition of payments or deliveries among joint account holders. We reserve the right to require written instructions from all account holders, at our sole discretion. We reserve the right, but are not obligated, to place trading, disbursement and other restrictions on an account in the event we receive notice of a dispute among, or conflicting instructions from, joint account holders. Any notice we send to one account holder will be notice to all account holders.
Joint or Multiple-Party Accounts. If there is more than one Account holder, the legal ownership of the Account will be as designated on the Account Application. Each Account holder agrees to be jointly and severally liable for all Obligations arising under this Customer Agreement or otherwise relating to the Account, including, as mentioned herein, where the Account holders have designated the legal ownership of the Account as a Joint tenants by the entirety account, whether or not the Account holder participates in the transaction or benefits from its proceeds, regardless of which Account holder gives such instructions. Each Account holder has full authority, acting individually and without notice to any other Account Holder, to take action on behalf of the Account and provide instructions to Altruist as fully and completely as if such Account holder were the sole Account holder. Each Account holder authorized Altruist to follow the instructions of any other Account holder concerning any matter pertaining to the Account. This includes any purchase or sale of securities (on margin or otherwise) for the Account and any delivery or disbursement of any Collateral credited to the Account. Altruist is not responsible for determining the propriety or purpose of any instructions received from any Account holder as against any other Account holder. Altruist will not notify other Account holders of the actions taken by any one Account holder. Each Account holder agrees that notice provided to any one Account holder will be deemed to be notice to all account holders for all purposes. Notwithstanding the foregoing, Altruist, at its sole discretion, reserves the right to require written instructions from one or all Account holders. If Altruist receives instructions from any Account holder that, in Altruist’s opinion, conflicts with instructions received from any other Account holder, Altruist may, but is not obligated to, advise each Account holder of the apparent conflict and take no action as to any of these instructions until it receives and has a reasonable amount of time to act on satisfactory instructions from any or all Account holders. In addition, Altruist reserves the right to require the signature or consent of both Account holders of a Joint tenants by the entirety account at any time with respect to any instruction. In any such case where an Account’s ownership indicates a Joint tenants by the entirety account, it shall be the Account holders’ sole responsibility to determine when such ow...
Joint or Multiple-Party Accounts. An account owned by two or more persons is a multiple party account. Unless your Account Card specifically states otherwise, multiple party accounts are held in joint tenancy with the right of survivorship. This means that you intend and agree that the balance in the account, upon the death of any party to the account, shall belong to the surviving owner(s). A surviving owner's interest is subject to our statutory lien rights, consensual lien rights, the right of set-off, and to any security interest or pledge granted by a deceased owner, even if a surviving owner did not consent to it. We reserve the right to require all owners to sign the Account Card. Any and each owner is authorized and deemed to act for any other owner(s) and may instruct us regarding transactions and other account matters. Each owner guarantees the signature of any other owner(s). Any owner may withdraw all funds, stop payment on items, transfer funds into or out of the account, block or terminate any service or access device, or pledge to us all or any part of the account balance without the consent or knowledge of the other owner(s). We have no duty to notify any owner(s) about any transaction. We reserve the right to require written consent of all owners for any change to or termination of an account. If we receive written notice of a dispute between owners or inconsistent instructions from them, we may act on any or none of the instructions or, alternatively, we may suspend or terminate the account and require a court order or written consent from all owners to act. One owner may not remove another owner. Ownership rights and disputes involving the funds in your accounts are subject to your Agreements with us, and applicable state or federal law. We shall not be liable to any owner if we in good faith act upon a valid court order from a court of competent jurisdiction. We will also not be liable if we in good faith refuse to act upon a court order or any instruction from any owner. All owners will be jointly and severally liable for any and all expenses, fees and costs, including reasonable attorney's fees, that we incur, in connection with any dispute regarding the account, regardless of whether the dispute is initiated by an owner or third party. By signing the Account Card, each of you authorizes us to take these expenses from any of your account(s) without prior notice to you. If a deposited item in a multiple party account is returned unpaid, an account is overdrawn, or if w...
