Common use of POD Beneficiaries Clause in Contracts

POD Beneficiaries. A Payable on Death (POD) designation is an instruction to the credit union that a designated account is an account payable to the owner or owners during their lifetimes, and upon the death of the last joint account owner, payable to any named and surviving POD beneficiary designated on

Appears in 1 contract

Samples: Membership & Account Agreement

AutoNDA by SimpleDocs

POD Beneficiaries. A Payable on Death (POD) designation is an instruction to the credit union Credit Union that a designated account is an account payable to the owner or owners during their lifetimes, and upon the death of the last joint account owner, payable to any named and surviving POD beneficiary designated onon your Account Card. Accounts payable to more than one POD beneficiary are owned jointly by such

Appears in 1 contract

Samples: Membership & Account Agreement

POD Beneficiaries. A Payable on Death (POD) designation is an instruction to the credit union Credit Union that a designated account is an account payable to the owner or owners during their lifetimes, and upon the death of the last joint account owner, payable to any named and surviving POD beneficiary designated onand

Appears in 1 contract

Samples: Membership and Account Agreement

POD Beneficiaries. A Payable on Death (POD) designation is an instruction to the credit union Credit Union that a designated account is an account payable to the owner or owners during their lifetimes, and upon the death of when the last joint account ownerowner dies, payable to any named and surviving POD beneficiary. Accounts payable to more than one beneficiary designated onare owned jointly with right of survivorship. Individual Retirement Accounts (IRAs) are governed by a separate beneficiary designation. We are not obligated to notify any beneficiary of the existence or interest vesting in any account, except as otherwise provided by law.

Appears in 1 contract

Samples: Membership & Account Agreement

AutoNDA by SimpleDocs

POD Beneficiaries. A Payable on Death (POD) designation is an instruction to the credit union Credit Union that a designated account is an account payable to the owner or owners during their lifetimes, and upon the death of the last joint account owner, payable to any named and surviving POD beneficiary designated onon your Account Card. Accounts payable to more than one POD

Appears in 1 contract

Samples: Membership and Account Agreement

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