Common use of SOLE PROPRIETORSHIP ACCOUNTS Clause in Contracts

SOLE PROPRIETORSHIP ACCOUNTS. If Your Account is established as a sole proprietorship Account, You warrant that You are the sole owner of Your business and understand that such Accounts will only be opened by the Credit Union if the documentation presented by You to the Credit Union is in a manner acceptable to Our underwriting policies. You shall take all action necessary so that in the event of Your death, Your estate shall release and indemnify the Credit Union for any payment made at the direction of an authorized signer of Your Account provided the Credit Union has not received actual notice of Your death prior to such payment being made. If You are doing business under an assumed name, You represent that You have properly filed all required paperwork as set out in the laws for the state in which You are organized to do business. It is Your responsibility to determine and understand any legal effects related to this type of Account.

SOLE PROPRIETORSHIP ACCOUNTS. If Your Account your account is established as a sole proprietorship Accountaccount, You you warrant that You you are the sole owner of Your your business and understand that such Accounts accounts will only be opened by the Credit Union if the documentation presented by You you to the Credit Union is in a manner acceptable to Our our underwriting policies. You shall take all action necessary so to that in the event of Your your death, Your your estate shall release and indemnify the Credit Union for any payment made at the direction of an authorized signer of Your Account your account provided the Credit Union has not received actual notice of Your your death prior to such payment being made. If You you are doing business under an assumed name, You you represent that You you have properly filed all required paperwork as set out in the laws for the state in which You you are organized to do business. It is Your your responsibility to determine and understand any legal effects related to this type of Accountaccount.

SOLE PROPRIETORSHIP ACCOUNTS. If Your your Account is established as a sole proprietorship Sole Proprietorship Account, You you warrant that You you are the sole owner of Your your business and understand that such Accounts will only be opened by the Credit Union if the documentation presented by You you to the Credit Union is in a manner acceptable to Our underwriting policies. You shall take all action necessary so that in the event of Your your death, Your your estate shall release and indemnify the Credit Union for any payment made at the direction of an authorized signer of Your your Account provided the Credit Union has not received actual notice of Your your death prior to such payment being made. If You you are doing business under an assumed name, You you represent that You you have properly filed all required paperwork as set out in the laws for the state in which You you are organized to do business. It is Your your responsibility to determine and understand any legal effects related to this type of Account.