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. 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). However, we reserve the right to require written consent of all owners for any change to or termination of an account. 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.

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 account, requests for future services services, and any transaction from any joint account owner. Each account owner guarantees the signature of the other owners. Any joint account owner may withdraw all funds in the account, stop payment on items drawn on an account, withdrawtransfer, or pledge all or any part of the shares of any account, account (except the general share) without the consent of the other joint account owner(s) and the Credit Union shall have no duty to notify any other joint account owner(s). However, we reserve The Credit Union reserves the right to require written consent of all joint account owners for any borrowing, pledging all or any part of the shares, a change to of ownership or termination of an account. If the Credit Union receives written notice of a dispute between joint 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.