Common use of Single Party Accounts Clause in Contracts

Single Party Accounts. 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 in the absence of any Payable on Death (P.O.D.) designation, ownership of the Account passes as part of your estate under your Will or by the law governing the estate of a person who dies without a valid Will.

Appears in 6 contracts

Samples: Membership Agreement, Membership Agreement, Membership Agreement

AutoNDA by SimpleDocs

Single Party Accounts. Under this type of Account ownership, the sole Party Owner to the Account owns the Account. If you open a Single- Single Party Account, upon your death and in the absence of absent any Payable on Death (P.O.D.) designation, ownership of the Account passes as part of your estate under your Will will or by intestacy. If you open a Single Party Account with a P.O.D. designation, then on your death ownership of the law governing Account passes to the estate P.O.D. beneficiaries then living and the Account is not part of a person who dies without a valid Willyour estate.

Appears in 2 contracts

Samples: Membership and Account Agreement, Membership and Account Agreement

Single Party Accounts. Under this type of Account ownership, the sole Party party to the Account owns the Account. If you open a Single- Single Party Account, Account upon your death death, and in the absence of absent any Payable on Death (P.O.D.POD) designation, ownership of the Account passes as part of your estate under your Will will or by the law governing the estate of a person who dies without a valid Willintestacy.

Appears in 2 contracts

Samples: Membership and Account Agreement, Membership and Account Agreement

Single Party Accounts. Under this type of Account ownership, the sole Party to the Account owns the Account. If you open a Single- Single-Party Account, upon your death and in the absence of any Payable on Death (P.O.D.POD) designation, ownership of the Account passes as part of your estate under your Will or by the law governing the estate of a person who dies without a valid Will.

Appears in 2 contracts

Samples: Membership Agreement, Membership Agreement

Single Party Accounts. Under this type of Account ownership, the sole Party party to the Account owns the Account. If you open a Single- Single Party Account, upon your death and in the absence of absent any Payable on Death (P.O.D.) designation, ownership of the Account passes as part of your estate under your Will will or by the law governing the estate of a person who dies without intestacy. If you make a valid WillP.O.D. designation and the P.O.D. beneficiaries survive you, then upon your death, ownership of the Account passes to the P.O.D. beneficiaries of the Account and the Account does not pass as part of your estate.

Appears in 1 contract

Samples: Credit Union Membership and Account Agreement

Single Party Accounts. Under this type of Account ownership, the sole Party party to the Account owns the Account. If you open a Single- Party single party Account, upon your death death, and in the absence of absent any Payable on Death (P.O.D.) designation, ownership of the Account passes as part of your estate under your Will or by the law governing the estate of a person who dies without a valid Willintestacy.

Appears in 1 contract

Samples: Account Agreement

Single Party Accounts. Under this type of single party Account ownership, the sole Party party to the Account owns the Account. If you open a Single- Party single party Account, upon your death and in the absence absent of any Payable on Death (P.O.D.) designation, ownership of the Account passes as part of your estate under your Will will or by intestacy. If you open a Single Party Account with a P.O.D. designation, then on your death ownership of the law governing Account passes to the estate P.O.D beneficiaries then living. The account is not part of a person who dies without a valid Willyour estate.

Appears in 1 contract

Samples: Texas Account Agreement

AutoNDA by SimpleDocs

Single Party Accounts. 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 in the absence of any Payable on Death (P.O.D.POD) designation, ownership of the Account passes as part of your estate under your Will or by the law governing the estate of a person who dies without a valid Will.

Appears in 1 contract

Samples: Membership Agreement

Single Party Accounts. Under this type of Account ownership, the sole Party party to the Account owns the Account. If you open a Single- Single Party Account, upon your death and in the absence of absent any Payable on Death (P.O.D.POD) designation, ownership of the Account passes as part of your estate under your Will or by the law governing the estate of a person who dies without a valid Willintestacy.

Appears in 1 contract

Samples: www.texanscu.org

Single Party Accounts. Under this type of single party Account ownership, the sole Party party to the Account owns the Account. If you open a Single- Party single party Account, upon your death and in the absence absent of any Payable on Death (P.O.D.) designation, ownership of the Account passes as part of your estate under your Will will or by intestacy. If you open a Single Party Account with a P.O.D. designation, then on your death ownership of the law governing Account passes to the estate of a person who dies without a valid WillP.O.D beneficiaries then living.

Appears in 1 contract

Samples: Union of Texas Account Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.