Terms and Conditions Applicable to Trust Accounts. You may open an account to hold the funds of your trust and be named as trustee on our Living Trust Account Signature Card. A person named as a trustee on the Living Trust Account Signature Card has the same rights, responsibilities and liabilities as an owner of an account under this Agreement to open, change, add or close an account or service. Each trustee understands that any trustee acting alone may change, add or close the account and/or a service, and that his or her signature on the Living Trust Account Signature Card or continued use of an account or service confirms his or her agreement to any later change, addition or closure of an account and/or service by any other trustee on the account. While any trustee may change, add or close the account and/or a service acting alone, we may require all trustees to consent in writing to the addition or removal of any trustee to or from the account. All trustees agree that we have no duty to notify the trustees of the account of any transaction, change, addition or closure of an account or service by any trustee acting alone.
Terms and Conditions Applicable to Trust Accounts. 1. You may open an account to hold the funds of your trust and be named as trustee on our Trustee’s Account Agreement and the Certification of Trust. A person named as a trustee on the Trustee’s Account Agreement and Certification of Trust has the same rights, responsibilities and liabilities as an owner of an account under this Agreement to open, initiate, change, add or close an account or service. Each trustee understands that any trustee acting alone may initiate, change, add or close the account and/or a service, and that his or her signature on the Trustee’s Account Agreement and Certification of Trust or continued use of an account or service confirms his or her agreement to any later initiation, change, addition or closure of an account and/or service by any other trustee on the account. While any trustee may initiate, change, add or close the account and/or a service acting alone, we may require all trustees to consent in writing to the addition or removal of any trustee to or from the account. All trustees agree that we have no duty to notify the trustees of the account of any transaction, initiation, change, addition or closure of an account or service by any trustee acting alone.
Terms and Conditions Applicable to Trust Accounts. 1. If you are a trustor/trustee and want to establish an account in connection with a written trust instrument, we may require you to provide us with a notarized trust certification confirming your power as a trustee prior to opening the account.
Terms and Conditions Applicable to Trust Accounts. 1. You may open an account to hold the funds of your trust and be named as trustee on our trust account sig- nature card. A person named as a trustee on our trust account signature card has the same rights, responsibil- ities and liabilities as an owner of an account under this Agreement to open, change, add or close an account or service. Each trustee understands that any trustee acting alone may change, add or close the account and/or a service, and that his or her signature on our trust account signature card or continued use of an account or service confirms his or her agreement to any later change, addi- tion or closure of an account and/or service by any other trustee on the account. While any trustee may change, add or close the account and/or a service acting alone, we may require all trustees to consent in writing to the addition or removal of any trustee to or from the ac- count. All trustees agree that we have no duty to notify the trustees of the account of any transaction, change, addition or closure of an account or service by any trust- ee acting alone.
Terms and Conditions Applicable to Trust Accounts. At our option, you may open an account to hold the funds of your trust and be named as trustee on our trust account application for services (“Trust Account Application”). Each trustor must be a Credit Union member and any named trustor or trustee may not have caused the Credit Union a loss. A person named as a trustee on the Trust Account Application has the same rights, responsibilities, and liabilities as an owner of an account under this Membership Agreement to open, change, add, or close an account or service. If two (2) or more persons are named as trustee, they will have equal authority with respect to the entire account during their lifetime. Upon the death of any trustee, the surviving trustee(s) shall have equal rights to the total amount in the share account. Each trustee understands that any trustee acting alone may change, add, or close the account and/or a service, and that his or her signature on the Trust Account Application or continued use of an account or service confirms his or her agreement to any later change, addition or closure of an account and/or service by any other trustee on the account. While any trustee may change, add, or close the account and/or a service acting alone, we may require all trustees to consent in writing to the addition or removal of any trustee to or from the account. All trustees agree that we have no duty to notify the trustees of the account of any transaction, change, addition or closure of an account or service by any trustee acting alone.
