Common use of Rights of Survivorship Clause in Contracts

Rights of Survivorship. For a joint account, the existence or non-existence of rights of survivorship shall be established by designation on the Membership Application. If the Membership Application designation is “Joint account with survivorship,” then, on the death of an owner of the account, the deceased owner’s interest in the account passes to the surviving owner(s) of the account. If the designation is “Joint account - no survivorship,” then, on the death of an

Appears in 5 contracts

Samples: Master Account Agreement, Master Account Agreement, Master Account Agreement

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Rights of Survivorship. For a joint account, the existence or non-existence of rights of survivorship shall be established by designation on the Membership Application. If the Membership Application designation is “Joint account with survivorship,” then, on the death of an owner of the account, the deceased owner’s interest in the account passes to the surviving owner(s) of the account. If the designation is “Joint account - no survivorship,” then, on the death of anan owner of the account, the deceased owner’s interest in the account passes as a part of

Appears in 4 contracts

Samples: Master Account Agreement, Master Account Agreement, Master Account Agreement

Rights of Survivorship. For a joint account, the existence or non-existence of rights of survivorship shall be established by designation on the Membership Application. If the Membership Application designation is “Joint account with survivorship,” then, on the death of an owner of the account, the deceased owner’s interest in the account passes to the surviving owner(s) of the account. If the designation is “Joint account - no survivorship,” then, on the death of anan owner of the account, the deceased owner’s interest in the account passes as a

Appears in 2 contracts

Samples: Membership and Account Agreement, Master Account Agreement

Rights of Survivorship. For a joint account, the existence or non-non- existence of rights of survivorship shall be established by designation on the Membership Application. If the Membership Application designation is “Joint account with survivorship,” then, on the death of an owner of the account, the deceased owner’s interest in the account passes to the surviving owner(s) of the account. If the designation is “Joint account - no survivorship,” then, on the death of anis

Appears in 1 contract

Samples: Membership Account Agreement

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Rights of Survivorship. For a joint account, the existence or non-non- existence of rights of survivorship shall be established by designation on the Membership Application. If the Membership Application designation is “Joint account with survivorship,” then, on the death of an owner of the account, the deceased owner’s interest in the account passes to the surviving owner(s) of the account. If the designation is “Joint account - no survivorship,” then, on the death of anan owner of the

Appears in 1 contract

Samples: Membership Account Agreement

Rights of Survivorship. For a joint account, the existence or non-non- existence of rights of survivorship shall be established by designation on the Membership Application. If the Membership Application designation is “Joint account Account with survivorshipRights of Survivorship,” then, on the death of an owner of the account, the deceased owner’s interest in the account passes to the surviving owner(s) of the account. If the designation is “Joint account - no survivorship,” then, on the death of an

Appears in 1 contract

Samples: Membership and Account Agreement

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