Common use of Single Party Individual Accounts Clause in Contracts

Single Party Individual Accounts. A single party account is an account owned by an individual person for a consumer purpose and not business purpose. The interest of a deceased individual owner will pass to the decedent’s estate or POD beneficiary, if applicable, subject to other provisions of this Agreement governing our protection for honoring transfer and withdrawal requests of an owner or owner’s agent prior notice of an owner’s death.

Appears in 6 contracts

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

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Single Party Individual Accounts. A single party account is an account owned by an individual person for a consumer purpose and not business purpose. The interest of a deceased individual owner will pass to the decedent’s 's estate or POD beneficiary, if applicable, 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 notice of an owner’s 's death.

Appears in 1 contract

Samples: calcoefcu.com

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Single Party Individual Accounts. A single party account is an account owned by an individual person for a consumer purpose and not business purpose. The interest of a deceased individual owner will pass pass, subject to applicable law, to the decedent’s 's estate or POD beneficiary, if applicable, 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 notice of an owner’s 's death.

Appears in 1 contract

Samples: Membership and Account Agreement

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