Right of Survivorship. If Option A has been selected in the “Right of Survivorship” section in the attached Personal Contract Application, or if no Option has been selected, upon the death of a Depositor, the entire beneficial interest in the Account vests in the Survivor and as such, the Account assets will pass to the Survivor and will not be treated as an estate asset of the deceased Depositor but rather will be treated as a gift to the Survivor separate and apart from the deceased Depositor’s estate. Such transfer of Account assets does not release the deceased Depositor nor their estate from section 2.5, Joint and Several Liability.
Right of Survivorship. If any Account is opened in joint names, such Account shall be held by the Account holders as joint tenant with rights of survivorship (with the balance of the Account belonging to the survivor). Each joint account holder irrevocably appoints the other as attorney-in-fact to take all action on his or her behalf and to represent him or her in all respects in connection with this Agreement. We are authorized to act upon the instructions of either of the joint Account holders; send confirmation advice, notices or other communications to either of the joint Account holders, or otherwise deal with either of the joint Account holders. Each of the joint Account holders shall be liable, jointly and severally, for any amounts due to us pursuant to this Agreement, whether incurred by either or both of them.
Right of Survivorship. A multiple party account includes rights of survivorship. This means when one owner dies, all sums in the account will pass to the surviving owner(s). A surviving owner’s interest is subject to the Credit Union’s statutory lien for the deceased owner’s obligations, and to any security interest or pledge granted by a deceased owner, even if a surviving owner did not consent to it.
Right of Survivorship. (not applicable to residents of Québec) The Clients declare that their interests in the joint account are as joint tenants with full rights of survivorship and not as tenants-in-common. In the event of the death of any of the Clients the entire beneficial interest in the joint account will be vested in the surviving Client or Clients on the same terms and conditions as held, without in any way releasing the decedent’s estate from the joint and several liability of the decedent Client provided for in this Agreement.
Right of Survivorship. Notwithstanding anything contained in this Agreement to the contrary, it is expressly understood and agreed that if the Purchaser comprises more than one individual, then all individuals comprising the Purchaser shall be deemed and construed to have acquired the Property on joint account with right of survivorship, and accordingly should any of the individuals comprising of the Purchaser die before Closing and the completion of this Agreement, then the Vendor is hereby irrevocably authorized and directed to engross the Transfer/Deed in the name of the surviving individual(s) comprising the Purchaser, without requiring probate of the deceased individual’s last will and testament (and regardless of the provisions of any last will and testament of the deceased individual comprising the Purchaser and/or any rules applicable on his or her intestacy), provided however that the surviving individual(s) comprising the Purchaser shall nevertheless be obliged to deliver to the Vendor’s solicitor a notarial copy of the death certificate, or the funeral director’s certificate, or other satisfactory proof of death of the deceased individual comprising the Purchaser, and shall also be obliged to execute and deliver, on or before Closing, the Vendor’s standard form of indemnity pursuant to which the surviving individual(s) comprising the Purchaser shall jointly and severally indemnify and save the Vendor and its solicitors harmless from and against all costs, claims, damages and/or liabilities which either or both of them may suffer or incur as a result of transferring title to the Property to the surviving individual(s) exclusively (including any claims from any children, relatives or other heirs of the deceased individual comprising the Purchaser, or from any beneficiaries of the estate of the deceased individual comprising the Purchaser).
Right of Survivorship. Unless otherwise stated on the Membership Application, a joint account includes rights of survivorship. This means when one owner dies, all sums in the account will pass to the surviving owner(s). A surviving owner’s interest is subject to Riverside Federal Credit Union’s statutory lien for the decedent credit obligations and any security interest or pledge granted by a deceased owner, even if a surviving owner did not consent to it.
Right of Survivorship. If your account is a joint account, the account is owned as a joint account with right of survivorship unless otherwise stated on the Signature Card. If the account is a joint account without right of survivorship, the interest of a deceased owner will pass to the decedent’s estate. If the account is a joint account with right of survivorship, upon the death of one of the joint account owners, that person’s interest will become the property of the surviving joint account owner(s).
Right of Survivorship. Joint owners’ rights in accounts are held jointly with rights of survivorship. As such, upon the death of one of the joint owners, that person’s interest will become the property of the surviving joint owner(s).
Right of Survivorship. Unless otherwise stated on the membership application, a joint membership includes rights of survivorship. This means when one member dies, all sums in the account will pass to the surviving member(s). A surviving member's interest is subject to the Credit Union's statutory lien for the deceased credit obligations and any security interest or pledge granted by a deceased member, even if a surviving member did not consent to it. CONTROL OF JOINT MEMBERS A joint member is authorized and deemed to act for any member(s) on the account and may instruct us regarding transactions and other account matters. Any member may withdraw funds, stop payment on items, close accounts and/or transfer or pledge to us all or any part of the savings without the consent of any other member(s). We have no duty to notify all member(s) on the account about any transaction. We reserve the right to request written consent of all member(s) for any change to or termination of an account. If we receive written notice of a dispute between member(s) or inconsistent instructions, we may suspend or terminate the account and require a court order or written consent from all members to act.
Right of Survivorship. All funds deposited in a joint account will be the property of the account owners as joint tenants with the right of survivorship. Right of survivorship means that if one account owner dies, the funds in the account will become the property of the other living joint owner(s) automatically.
