Common use of Multiple-Party Account with Right of Survivorship Clause in Contracts

Multiple-Party Account with Right of Survivorship. The parties to the Account own the Account in proportion to the parties' net contributions to the Account. The Credit Union may pay any sum in the Account to a party at any time. On the death of a party, the party's ownership of the Account passes to the surviving parties. The parties to the Account own the Account in proportion to the parties' net contributions to the Account. The Credit Union may pay any sum in the Account to a party at any time. On the death of the last surviving party, the ownership of the Account passes to the P.O.D. beneficiaries.

Appears in 10 contracts

Samples: Membership Agreements and Disclosures, Membership Agreements, Membership Agreements

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Multiple-Party Account with Right of Survivorship. The parties to the Account own the Account in proportion to the parties' net contributions to the Account. The Credit Union may pay any sum in the Account to a party at any time. On the death of a party, the party's ’s ownership of the Account passes to the surviving parties. The parties to the Account own the Account in proportion to the parties' net contributions to the Account. The Credit Union may pay any sum in the Account to a party at any time. On the death of the last surviving party, the ownership of the Account passes to the P.O.D. beneficiaries.

Appears in 3 contracts

Samples: Agreements and Disclosures, Agreements and Disclosures, Agreements and Disclosures

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Multiple-Party Account with Right of Survivorship. The parties to the Account account own the Multiple-Party Account With Right of Survivorship and "P.O.D." (Payable on Death) Designation. The parties to the account own the account in proportion to the parties' net contributions to the Accountaccount. The Credit Union financial institution may pay any sum in the Account to a party at any time. On the death of a party, the party's ownership of the Account passes to the surviving parties. The parties to the Account own the Account in proportion to the parties' net contributions to the Account. The Credit Union may pay any sum in the Account account to a party at any time. On the death of the last surviving party, the ownership of the Account account passes to the P.O.D. beneficiaries.the

Appears in 2 contracts

Samples: Terms and Conditions, Terms and Conditions

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