Common use of Rights of Survivorship Clause in Contracts

Rights of Survivorship. If your account is a multiple party account, the account is owned as a joint account with rights of survivorship unless otherwise stated on the account card. If the account is a multiple party account without right of survivorship, the interest of a deceased owner will pass to the decedent’s estate. If the account is a multiple party 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 owners. 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.

Appears in 8 contracts

Samples: Membership and Accounts Agreement, Membership and Accounts Agreement, Membership and Accounts Agreement

AutoNDA by SimpleDocs

Rights of Survivorship. If your account is a multiple party joint account, the account is owned as a joint account with rights of survivorship unless otherwise stated on the account cardAccount Card. If the account is a multiple party joint account without right of survivorship, the interest of a deceased owner will pass to the decedent’s estate. If the account is a multiple party joint account with right of survivorship survivorship, upon the death of one of the joint account owners, that person’s interest will become the property of the surviving joint account owners. 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.

Appears in 3 contracts

Samples: Account Agreement, Account Agreement, Account Agreement

Rights of Survivorship. If your account is a multiple party joint account, the account is owned as a joint account with rights of survivorship unless otherwise stated on the account cardAccount Card. If the account is a multiple party joint account without right of survivorship, the interest of a deceased owner will pass to the decedent’s estate. If the account is a multiple party 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 owners. 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.

Appears in 3 contracts

Samples: www.thefloristfcu.org, www.thefloristfcu.org, www.thefloristfcu.org

Rights of Survivorship. If your account is a multiple party joint account, the account is owned as a joint account with rights of survivorship unless otherwise stated on the account cardsurvivorship. If the account is a multiple party joint account without right of survivorship, the interest of a deceased owner will pass to the decedent’s estate. If the account is a multiple party joint account with right of survivorship survivorship, upon the death of one of the joint account owners, that person’s interest will become the property of the surviving joint account owners. A surviving owner’s interest is subject to the Credit Union’s statutory lien and security interest 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.

Appears in 2 contracts

Samples: Account Agreement, Account Agreement

Rights of Survivorship. If your account is a multiple party joint account, the account is owned as a joint account with rights of survivorship unless otherwise stated on the account cardAccount Card. If the account is a multiple party joint account without right of survivorship, the interest of a deceased owner will pass to the decedent’s estate. If the account is a multiple party joint account with right of survivorship upon survivorship, the death of one of the joint account owners, that persondeceased owner’s interest will become the property of the surviving joint account ownersowner(s). A surviving owner’s interest is subject to the Credit Union’s statutory lien for the deceased owner’s obligations, obligations and to any security interest or pledge granted by a deceased owner, even if a surviving owner did not consent to itconsent.

Appears in 2 contracts

Samples: Account Agreement, Account Agreement

Rights of Survivorship. If your account is a multiple party joint account, the account is owned as a joint account with rights of survivorship unless otherwise stated on the account cardAccount Card. If the account is a multiple party joint account without right of survivorship, the interest of a deceased owner will pass to the decedent’s estate. If the account is a multiple party 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 owners. A The 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 the deceased owner, even if a the surviving owner did not consent to it.

Appears in 2 contracts

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

Rights of Survivorship. If your account is a multiple party joint account, the account is owned as a joint account with rights of survivorship unless otherwise stated on the account cardsurvivorship. If the account is a multiple party joint account without right of survivorship, the interest of a deceased owner will pass to the decedent’s estate. If the account is a multiple party joint account with right of survivorship survivorship, upon the death of one of the joint account owners, that person’s interest will become the property of the surviving joint account owners. A surviving owner’s interest is subject to the Credit Union’s statutory lien statu- xxxx xxxx and security interest 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.

Appears in 1 contract

Samples: Account Agreement

AutoNDA by SimpleDocs

Rights of Survivorship. If your account is a multiple party joint account, the account is owned as a joint account with rights of survivorship survivor- ship unless otherwise stated on the account cardAccount Card. If the account is a multiple party joint account without right of survivorship, the interest of a deceased owner will pass to the decedent’s estate. If the account is a multiple party 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 owners. A The 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 the deceased owner, even if a the surviving owner did not consent to it.

Appears in 1 contract

Samples: Credit Union Membership and Account Agreement

Rights of Survivorship. If your account is a multiple party joint account, the account is owned as a joint account with rights of survivorship unless otherwise stated on the account cardsurvivorship. If the account is a multiple party joint account without right of survivorship, the interest of a deceased owner will pass to the decedent’s estate. If the account is a multiple party joint account with right of survivorship survivorship, upon the death of one of the joint account owners, that person’s interest will become the property of the surviving joint account owners. A surviving owner’s 's interest is subject to the Credit Union’s 's statutory lien and security interest for the deceased owner’s 's obligations, and to any security interest or pledge granted by a deceased owner, even if a surviving owner did not consent to it.

Appears in 1 contract

Samples: Account Agreement

Rights of Survivorship. If your account is a multiple party joint account, the account is owned as a joint account with rights of survivorship unless otherwise stated on the account cardMembership Application. If the account is a multiple party joint account without right of survivorship, the interest of a deceased owner will pass to the decedent’s estate. If the account is a multiple party 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 owners. A surviving owner’s interest is subject to the Credit Union’s statutory lien for the deceased owner’s obligations, and to any security secu- rity interest or pledge granted by a deceased owner, even if a surviving owner did not consent to it.

Appears in 1 contract

Samples: Membership and Account Agreement

Rights of Survivorship. If your account is a multiple party account, the account is owned as a joint account with rights of survivorship unless otherwise stated on the account cardAccount Card. If the account is a multiple party account without right of survivorship, the interest of a deceased owner will pass to the decedent’s 's estate. If the account is a multiple party account with right of survivorship upon the death of one of the joint account owners, that person’s 's interest will become the property of the surviving joint account owners. A surviving owner’s 's interest is subject to the Credit Union’s 's statutory lien for the deceased owner’s 's obligations, and to any security interest or pledge granted by a deceased owner, even if a surviving owner did not consent to it.

Appears in 1 contract

Samples: calcoefcu.com

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!