Common use of Primary Account Holder’s Exclusive Authority Clause in Contracts

Primary Account Holder’s Exclusive Authority. The Primary Account Holder is the only Authorized Signer on a Joint Account authorized to do the following without notice to the other Account Holders: a. Remove other Account Holders from the Joint Account, however any Joint Account Holder may remove themselves from the Joint Account; b. Remove any POD beneficiary from the Joint Account; c. Close the Primary Member’s Share Account; and d. Instruct BECU to link the Joint Account to the Primary Account Holder’s Line of Credit or the Primary Account Holder’s other Accounts.

Primary Account Holder’s Exclusive Authority. The Primary Account Holder is the only Authorized Signer on a Joint Account authorized to do the following without notice to the other Account Holders: a. Remove other Account Holders from the Joint Account, however any Joint Account Holder may remove themselves from the Joint Account; b. Remove any POD beneficiary from the Joint Account; c. Close the Primary Member’s Share Account; and d. Instruct BECU to link the Joint Account to the Primary Account Holder’s Line of Credit or the Primary Account Holder’s other Accounts.