Common use of Rights of Joint Owners Clause in Contracts

Rights of Joint Owners. Any joint owner is authorized and deemed to act for the other owner(s) and we may accept orders and instructions regarding the account and requests for future services from any other owner. Each owner guarantees the signature of the other owners. Any owner may stop payment on items drawn on an account, and/or withdraw or pledge all or any part of the shares of any account, except funds representing a membership share, without the consent of other owners(s), and we shall have no duty to notify any other owner(s) of any such actions. Any owners may remove themselves from any account at any time. The primary member may remove a joint account owner from the account without prior approval of any other joint account owner. The Credit Union may require the primary member to complete a new Signature Card (without the signature of the joint account owner) before removal of the joint account owner is effective. If we receive a request by a joint owner to remove the primary member we may treat the inquiry as a request for a withdrawal of all funds (except the membership share) from the existing account and a transfer to another account of those funds. The Credit Union may require written consent of all owners for any change to, or termination of the account to be effective. The removal from an account does not affect a joint owner’s liability for transactions on the account that occurred while they were an

Rights of Joint Owners. Any joint owner is authorized and deemed to act for the other owner(s) and we may accept orders and instructions regarding the account and requests for future services from any other owner. Each owner guarantees the signature of the other owners. Any owner may stop payment on items drawn on an account, and/or withdraw or pledge all or any part of the shares of any account, except funds representing a membership share, without the consent of other owners(s), and we shall have no duty to notify any other owner(s) of any such actions. Any owners may remove themselves from any account at any time. The primary member may remove a joint account owner from the account without prior approval of any other joint account owner. The Credit Union may require the primary member to complete a new Signature Card (without the signature of the joint account owner) before removal of the joint account owner is effective. If we receive a request by a joint owner to remove the primary member we may treat the inquiry as a request for a withdrawal of all funds (except the membership share) from the existing account and a transfer to another account of those funds. The Credit Union may require written consent of all owners for any change to, or termination of the account to be effective. The removal from an account does not affect a joint owner’s liability for transactions on the account that occurred while they were he or she was an