Common use of Rights of Joint Account Owners Clause in Contracts

Rights of Joint Account Owners. Any joint account owner is authorized and deemed to act for the other owner(s). The Credit Union may accept orders and instructions regarding the account and requests for future services from any account owner. Each account owner guarantees the signature of the other owners. The Member may, by written instruction, remove any joint owner of any account. Joint owners may, by written order, remove themselves from any account. Any account owner may withdraw all funds in the account, stop payment on items drawn on an account, withdraw, or pledge all or any part of the shares of any account, without the consent of the other account owner(s) and the Credit Union shall have no duty to notify any other joint account owner(s). If the Credit Union receives written notice of a dispute between account owners or receives inconsistent instructions from them, the Credit Union may suspend or terminate the account, require a court order to act, or require that all joint account owners agree in writing to any transaction concerning the account.

Appears in 4 contracts

Samples: www.primesourcecu.org, www.primesourcecu.org, www.primesourcecu.org

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Rights of Joint Account Owners. Any joint account owner is authorized and deemed to act for the other owner(s). The Credit Union WECU may accept orders and instructions regarding the account and requests for future services from any account owner. Each account owner guarantees the signature of the other owners. The Member may, by written instruction, remove any joint owner of any account. Joint owners may, by written order, remove themselves from any accountthe account if it is in good standing. Any account owner may withdraw all funds in the account, stop payment on items drawn on an the account, withdraw, or pledge all or any part of funds in the shares of any account, without the consent of the other account owner(s) ), and the Credit Union WECU shall have no duty to notify any of the other account owner(s), including any joint account owner(s). If the Credit Union WECU receives written notice of a dispute between account owners or receives inconsistent instructions from them, the Credit Union we may suspend or terminate the account, require a court order to act, or require that all joint account owners agree in writing to any transaction concerning the account.

Appears in 4 contracts

Samples: Membership and Account Agreement, Membership and Account Agreement, Membership and Account Agreement

Rights of Joint Account Owners. Any joint account owner is authorized and deemed to act for the other owner(s). The ) and the Credit Union may accept orders and instructions regarding the account and requests for future services from any account owner. Each account owner guarantees the signature of the other owners. The Member may, by written instruction, remove any joint owner of any account. Joint owners may, by written order, remove themselves from any accountowner(s). Any account owner may withdraw all funds in transact, make changes, request additional services as they are stated on the accountRate and Fee Schedule, stop payment on items drawn on an account, withdrawincluding closing accounts, or pledge all or any part of the shares of any account, including funds representing a membership share, without the consent of the other account owner(s) and the Credit Union shall have no duty to notify any other joint account owner(s). If the Credit Union receives written notice of a dispute between account owners or receives inconsistent instructions from themaccount owners, the Credit Union may suspend or terminate the account, require a court order to act, or require that all joint account owners agree in writing to any transaction concerning the account.

Appears in 2 contracts

Samples: Oregon Community Credit Union Membership and Account Agreement, Agreement

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Rights of Joint Account Owners. Any joint account owner is authorized and deemed to act for the other owner(s). The ) and the Credit Union may accept orders and instructions regarding the account and requests re- quests for future services from any other account owner. Each account owner guarantees the signature of the other owners. The Member may, by written instruction, remove any joint owner of any account. Joint owners may, by written order, remove themselves from any account. Any account owner may withdraw all funds in the accountaccount (except youth accounts), stop payment on items drawn on an account, withdraw, or pledge all or any part of the shares of any account, including funds representing a membership share, without the consent of the other account owner(s) and the Credit Union shall have no duty to notify any other joint account owner(s). If the Credit Union receives written notice of a dispute between account owners or receives inconsistent instructions from them, the Credit Union may suspend or terminate the account, require a court Court order to act, act or require that all joint account ac- count owners agree in writing to any transaction concerning the account.

Appears in 1 contract

Samples: Membership and Account Agreement

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