Stopping Payment On Unused & Lost or Stolen Credit Union Checks. If we issue to you one of our checks and you endorse that check over to another person, or give that check to the payee that you requested us to make the check payable to, and subsequently do not want that person to receive payment for the check (because you are displeased with the person or the transaction the check was issued for), we will not be able to stop payment on the check. It is your responsibility to ensure that you want the person or the payee to receive payment for the check before you endorse the check over to that person or give the payee the check. If you have any doubt about the person or payee or the transaction, do not endorse the check over to that person or give the payee the check since we will not be able to subsequently refuse to pay the check. If you do not use or negotiate one of our checks, you may return it to us, and request a refund for the amount of the check. If one of our checks in your possession is lost, stolen or destroyed you agree to sign a statement or notice and either post a bond, provide us with collateral or a security interest in collateral, or wait ninety-one (91) days from the date of the check, in order to receive a replacement check for our check that was lost, stolen or destroyed.
Appears in 2 contracts
Samples: Membership Agreement, Membership and Account Agreement
Stopping Payment On Unused & Lost or Stolen Credit Union Checks. If we issue to you one of our checks and you endorse that check over to another person, or give that check to the payee that you requested us to make the check payable to, and subsequently do not want that person to receive payment for the check (because you are displeased with the person or the transaction the check was issued for), we will not be able to stop payment on the check. It is your responsibility to ensure that you want the person or the payee to receive payment for the check before you endorse the check over to that person or give the payee the check. If you have any doubt about the person or payee or the transaction, do not endorse the check over to that person or give the payee the check since we will not be able to subsequently refuse to pay the check. If you do not use or negotiate one of our checks, you may return it to us, and request a refund for the amount of the check. If one of our checks in your possession is lost, stolen or destroyed you agree to sign a statement or notice and either post a bond, provide us with collateral or a security interest in collateral, or wait ninety-one (91) days from the date of the check, in order to receive a replacement check for our check that was lost, stolen or destroyed, in accordance with Section 4-403 of the Uniform Commercial Code.
Appears in 2 contracts
Samples: Membership Agreement, Membership Agreement
Stopping Payment On Unused & Lost or Stolen Credit Union Checks. If we issue to give you one of our checks and that is either payable to you endorse that check over to another person, or give that check to as the payee or to an- other person or organization (that you have requested us to make the check payable toto as the payee), you understand it is your sole responsibility to ensure that you want the person or organization to receive payment for the check before you sign (en- xxxxx) the check over to that person or organization or give the check to the payee. You further understand that if you endorse the check over to a person or organiza- tion or give the check to the payee, and subsequently afterwards do not want that person or organ- ization to receive payment for the check (because you are displeased with the person per- son, organization or the transaction the that you used our check was issued for), we will not be able to stop payment on the check. It is your responsibility to ensure that If you want have any doubt about the person person, organization, payee or the payee to receive payment for the check before you endorse transaction, do not sign (endorse) the check over to that person or give the payee the check. If you have any doubt about the person or payee or the transaction, do not endorse the check over to that person or- ganization or give the payee check to the check payee, since we will not be able to subsequently refuse to pay the check. If Should you do ever change your mind and decide to not use or negotiate one of our checks, you may return it our check to us, us and request ask us for a refund for the amount of the check. If one of our checks in your possession is purportedly lost, stolen or destroyed destroyed, you agree to sign a statement or notice and either post a bond, provide us with collateral or a security interest in collateral, or wait ninety-one (91) calendar days from the date of the check, in order to receive a replacement check for our check that was lost, stolen or destroyedde- stroyed. If you purportedly do not receive one of our checks that was sent or mailed to you, you agree to sign a statement or notice and, at our discretion, either post a bond or provide us with collateral or a security interest in collateral to obtain a replacement check for our check that you claim you did not receive.
Appears in 2 contracts
Stopping Payment On Unused & Lost or Stolen Credit Union Checks. If we issue to give you one of our checks and that is either payable to you endorse that check over as the payee or to another person, person or give that check to the payee organization (that you requested have re- quested us to make the check payable toto as the payee), you un- derstand it is your sole responsibility to ensure that you want the person or organization to receive payment for the check before you sign (endorse) the check over to that person or organization or give the check to the payee. You further understand that once you endorse the check over to a person or organization or give the check to the payee, and subsequently afterwards do not want that person or organization to receive payment for the check (because you are displeased with the person person, organization or the transaction the that you used our check was issued for), we will not be able to stop payment on the check. It is your responsibility to ensure that If you want have any doubt about the person person, organization, payee or the payee to receive payment for the check before you endorse transaction, do not sign (endorse) the check over to that person or give the payee the check. If you have any doubt about the person or payee or the transaction, do not endorse the check over to that person organization or give the payee check to the check payee, since we will not be able to subsequently refuse to pay the check. If Should you do ever change your mind and decide to not use or negotiate one of our checks, you may return it our check to us, us and request ask us for a refund for the amount of the check. If one of our checks in your possession is purportedly lost, stolen or destroyed destroyed, you agree to sign a statement or notice and either post a bond, provide us with collateral or a security interest in collateral, or wait ninety-one (91) calendar days from the date of the check, in order to receive a replacement check for our check that was lost, stolen or destroyed. If you purportedly do not receive one of our checks that was sent or mailed to you, you agree to sign a statement or notice and, at our discretion, either post a bond or provide us with collat- eral or a security interest in collateral to obtain a replacement check for our check that you claim you did not receive.
Appears in 1 contract
Samples: Business Deposit Account Contract
Stopping Payment On Unused & Lost or Stolen Credit Union Checks. If we issue to you one of our checks and you endorse that check over to another person, or give that check to the payee that you requested us to make the check payable to, and subsequently afterwards do not want that person to receive payment for the check (because you are displeased with the person or the transaction the check was issued for), we will not be able to stop payment on the check. It is your sole responsibility to ensure that you want the person or the payee to receive payment for the check before be- fore you endorse the check over to that person or give the payee the check. If you have any doubt about the person or payee or the transaction, do not endorse the check over to that person or give the payee the check since we will not be able to subsequently refuse to pay the check. If you do not use or negotiate one of our checks, you may return it to us, and request ask for a refund for the amount of the check. If one of our checks in your possession is purportedly lost, stolen or destroyed destroyed, you agree to sign a statement or notice and either post a bond, provide us with collateral or a security interest in collateral, or wait ninety-one (91) days from the date of the check, in order to receive a replacement check for our check that was lost, stolen or destroyedde- stroyed. If you purportedly do not receive one of our checks that was sent or mailed to you, you agree to sign a statement or notice and at our discretion either post a bond or provide us with collateral or a security interest in collateral, to obtain a re- placement check for our check that you claim you did not receive.
Appears in 1 contract
Samples: Business Deposit Account Contract
Stopping Payment On Unused & Lost or Stolen Credit Union Checks. If we issue to give you one of our checks and that is either payable to you endorse that check over to another person, or give that check to as the payee or to an- other person or organization (that you have requested us to make the check payable toto as the payee), you understand it is your sole responsibility to ensure that you want the person or organization to receive payment for the check before you sign (en- xxxxx) the check over to that person or organization or give the check to the payee. You further understand that once you endorse the check over to a person or organi- zation or give the check to the payee, and subsequently afterwards do not want that person or organization to receive payment for the check (because you are displeased with the person person, organization or the transaction the that you used our check was issued for), we will not be able to stop payment on the check. It is your responsibility to ensure that If you want have any doubt about the person person, organi- zation, payee or the payee to receive payment for the check before you endorse transaction, do not sign (endorse) the check over to that person or give the payee the check. If you have any doubt about the person or payee or the transaction, do not endorse the check over to that person organization or give the payee check to the check payee, since we will not be able to subsequently refuse to pay the check. If Should you do ever change your mind and decide to not use or negotiate negoti- ate one of our checks, you may return it our check to us, us and request ask us for a refund for the amount of the check. If one of our checks in your possession is purportedly lost, stolen or destroyed destroyed, you agree to sign a statement or notice and either post a bond, provide us with collateral or a security interest in collateral, or wait ninety-one (91) calendar days from the date of the check, in order to receive a replacement check for our check that was lost, stolen or destroyedde- stroyed. If you purportedly do not receive one of our checks that was sent or mailed to you, you agree to sign a statement or notice and, at our discretion, either post a bond or provide us with collateral or a security interest in collateral to obtain a replacement check for our check that you claim you did not receive.
Appears in 1 contract
Samples: Business Member Service Agreement