Common use of Single Party Account Clause in Contracts

Single Party Account. Under this type of Account ownership, the sole party to the Account owns the Account. If you open a Single Party Account, upon your death ownership of the Account passes as part of your estate under your Will or by intestacy, subject to any Payable on Death designation you may make pursuant to Section 3 below.

Single Party Account. Under this type of Account ownershipOwnership, the sole party to the Account owns the Account. If you open a Single Party Account, upon your death ownership of the Account passes as part of your estate under your Will or by intestacy, subject to any Payable on Death designation you may make pursuant to Section 3 below.

Single Party Account. Under this type of Account ownership, the sole party to the Account owns the Account. If you open a Single Party Account, upon your death and without a Payable on Death (P.O.D.) des- ignation, ownership of the Account passes as part of your estate under your Will or by intestacy, subject to any Payable on Death designation you may make pursuant to Section 3 below.