Common use of Single Party Accounts Clause in Contracts

Single Party Accounts. A single party account is an account owned by one member (individual, corporation, partnership, trust or other organization) qualified for Credit Union membership. If the account owner dies, the interest passes, subject to applicable law, to the decedent’s estate or Payable on Death (POD) beneficiary/payee or trust beneficiary, subject to other provisions of this Agreement governing our protection for honoring transfer and withdrawal requests of an owner or owner’s agent prior to notice of an owner’s death.

Appears in 4 contracts

Samples: Membership and Account Agreement, Membership and Account Agreement, Membership and Account Agreement

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Single Party Accounts. A single party account is an account owned by one member (individual, corporationtrust, partnership, trust or other organization) qualified for Credit Union membership. If the account owner dies, the interest passes, subject to applicable law, to the decedent’s estate or Payable on Death (PODthe Beneficiary(ies) beneficiary/payee or trust beneficiarydesignated for the account, subject to other provisions of this Agreement governing our protection for honoring transfer and withdrawal requests of an owner or owner’s agent prior to notice of an owner’s death.

Appears in 3 contracts

Samples: Membership and Account Agreement, Membership and Account Agreement, Membership and Account Agreement

Single Party Accounts. A single party account is an account owned by one member (including any individual, corporation, partnership, trust association or other organization) organization qualified for Credit Union membership. If the account owner diesis a single party account, the interest passesof a deceased individual owner will pass, subject to applicable law, to the decedent’s 's estate or Payable on Death (POD) beneficiary/payee or trust account beneficiary, subject to other provisions of this Agreement governing our protection for honoring transfer and withdrawal requests of an a member/owner or owner’s 's agent prior to notice of an owner’s 's death.

Appears in 2 contracts

Samples: Membership and Account Agreement, Membership and Account Agreement

Single Party Accounts. A single party account is an account owned by one member (including any individual, corporation, partnership, trust or other organization) organization qualified for Credit Union credit union membership. If the account owner dies, is a single party account the interest passesof a deceased individual owner will pass, subject to applicable law, to the decedentdescendant’s estate or Payable on Death (POD) beneficiary/payee or trust beneficiary, subject to other provisions of this Agreement governing our protection for honoring transfer and withdrawal requests of an owner or owner’s agent prior to notice of an owner’s death.

Appears in 2 contracts

Samples: Membership and Account Agreement, Membership and Account Agreement

Single Party Accounts. A single party account is an account owned by one member (including any individual, corporation, partnership, trust trust, or other organization) organization qualified for Credit Union credit union membership. If the account owner dies, is a single party account the interest passesof a deceased individual owner will pass, subject to applicable law, to the decedent’s 's estate or Payable on Death (POD) beneficiary/payee or trust beneficiary, subject to other provisions of this Agreement governing our protection for honoring transfer and withdrawal requests of an owner owner's or owner’s agent 's agents prior to notice of an owner’s 's death.

Appears in 2 contracts

Samples: Account Agreement, Account Agreement

Single Party Accounts. A single party account is an account owned by one member (member, including any individual, corporation, partnership, trust or other organization) organization qualified for Credit Union membership. If the account owner dies, the account interest passes, subject to applicable law, to the decedent’s estate or designated Payable on Death (POD) beneficiary/payee or trust beneficiary, subject to other provisions of this Agreement governing our protection for honoring transfer and withdrawal requests of an owner or owner’s agent prior to notice of an owner’s death. If there is no Payable on Death beneficiary listed on the account, the account interest shall pass to the decedent’s estate, subject to our rights as noted above.

Appears in 2 contracts

Samples: Membership and Account Agreement, assets.ctfassets.net

Single Party Accounts. A single party account is an account owned by one member (including any individual, corporation, partnership, trust trust, or other organization) organization qualified for Credit Union credit union membership. If the account owner dies, is a single party account the interest passesof a deceased individual owner will pass, subject to applicable law, to the decedent’s estate or Payable on Death (POD) beneficiary/payee or trust beneficiary, subject to other provisions of this Agreement governing our protection for honoring transfer and withdrawal requests of an owner or owner’s agent prior to notice of an owner’s death.

Appears in 2 contracts

Samples: Membership and Account Agreements, Membership and Account Agreement

Single Party Accounts. A single single-party account is an account owned by one member individual (individualor a trust company, corporationin the case of a UTTMA, partnership, trust or other organizationdefined in Section 6) qualified for Credit Union membership. If the single-party account owner diesis an individual account, the interest passes, subject to applicable law, of a deceased individual owner will pass to the decedent’s 's estate or Payable on Death (POD) POD beneficiary/payee or trust beneficiary, if applicable, subject to other provisions of this Agreement governing our protection for honoring transfer and withdrawal requests of an owner Account Owner or owner’s 's agent prior to before notice of an owner’s 's death.

Appears in 2 contracts

Samples: www.columbiacu.org, www.columbiacu.org

Single Party Accounts. A single party account is an account owned by one member (member, including any individual, corporation, partnership, trust or other organization) organization qualified for Credit Union membership. If the account owner dies, the interest passes, subject to applicable law, to the decedent’s estate or the Payable on Death (POD) beneficiary/payee or trust beneficiary, subject to other provisions of this Agreement governing our protection for honoring transfer and withdrawal requests of an owner or owner’s agent prior to notice of an owner’s death.

Appears in 2 contracts

Samples: www.lfcu.org, www.lfcu.org

Single Party Accounts. A single party account is an account owned by one member (individual, corporation, partnership, trust or other organization) qualified for Credit Union credit union membership. If the account owner dies, the interest passes, subject to applicable law, to the decedent’s descendant's estate or Payable on Death (POD) beneficiary/payee or trust beneficiary, subject to other provisions of this Agreement governing our protection for honoring transfer and withdrawal requests of an owner or owner’s 's agent prior to notice of an owner’s 's death.

Appears in 1 contract

Samples: www.coast360fcu.com

Single Party Accounts. A single party account is an account owned by one member (individualindividual person, corporation, partnership, trust or other organization) qualified for Credit Union credit union membership. If the account owner dies, the interest passes, subject to applicable law, to the decedent’s estate or Payable on Death (POD) beneficiary/beneficiary/ payee or trust beneficiary, subject to other provisions of this Agreement governing our protection for honoring transfer and withdrawal requests of an owner or owner’s agent prior to notice of an owner’s death.

Appears in 1 contract

Samples: www.firstbasin.com

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Single Party Accounts. A single party account is an account owned by one member (individual, corporation, partnership, trust or other organization) qualified for Credit Union credit union membership. If the account owner dies, the interest passes, subject to applicable law, to the decedent’s 's estate or Payable on Death (POD) beneficiary/payee or trust beneficiary, subject to other provisions of this Agreement governing our protection for honoring transfer and withdrawal requests of an owner or owner’s 's agent prior to notice of an owner’s 's death.

Appears in 1 contract

Samples: Membership and Account Agreement

Single Party Accounts. A single party account is an account owned by one member (including any individual, corporationtrust, partnership, trust or other organization) qualified for Credit Union membership. If the account owner dies, is a single party account the interest passesof a deceased individual owner will pass, subject to applicable law, to the decedent’s 's estate or Payable on On Death (POD) beneficiary/payee or trust beneficiary, subject to other provisions of this Agreement governing our protection for honoring transfer and withdrawal requests of an owner or owner’s 's agent prior to notice of an owner’s 's death.

Appears in 1 contract

Samples: Membership and Account Agreement – Terms and Conditions

Single Party Accounts. A single party account is an account owned by one member (including any individual, corporation, partnership, trust or other organization) organization qualified for Credit Union credit union membership. If the account owner dies, is a single party account the interest passesof a deceased individual owner will pass, subject to applicable law, to the decedent’s 's estate or Payable on Death (POD) beneficiary/payee or trust beneficiary, subject to other provisions of this Agreement governing our protection for honoring transfer and withdrawal requests of an owner owner's or owner’s agent 's agent's prior to notice of an owner’s 's death.

Appears in 1 contract

Samples: www.hometowncu.coop

Single Party Accounts. A single party account is an account owned by one member (including any individual, corporation, partnership, trust or other organization) organization qualified for Credit Union credit union membership. If the account owner diesis a single party account, the interest passesof a deceased individual owner will pass, subject to applicable law, to the decedent’s estate or Payable on Death (POD) beneficiary/payee or trust beneficiary, subject to other provisions of this Agreement governing our protection for honoring an owner’s or owner’s agent’s transfer and withdrawal requests of an owner or owner’s agent prior to notice of an owner’s death.

Appears in 1 contract

Samples: Account Agreement

Single Party Accounts. A single party account is an account owned by one member (individual, corporation, partnership, trust trust, or other organization) qualified for Credit Union membership. If the account owner dies, the interest passes, subject to applicable law, to the decedent’s estate or Payable on Death (POD) beneficiary/payee or trust beneficiary, subject to other provisions of this Agreement governing our protection for honoring transfer and withdrawal requests of an owner or owner’s agent prior to notice of an owner’s death.

Appears in 1 contract

Samples: Membership and Account Agreement

Single Party Accounts. A single party account is an account owned by one member (individual, corporation, partnership, trust or other organization) qualified qualified for Credit Union credit union membership. If the account owner dies, the interest passes, subject to applicable law, to the decedent’s estate or Payable on Death (POD) beneficiarybeneficiary/payee or trust beneficiarybeneficiary, subject to other provisions of this Agreement governing govern- ing our protection for honoring transfer and withdrawal with- drawal requests of an owner or owner’s agent prior to notice of an owner’s death. 3.

Appears in 1 contract

Samples: Membership and Account Agreement

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