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.
a. Trustee(s) affirm that the successor trustee(s) are bound under the Trust Instrument to serve, and are authorized and fully qualified to act as trustee(s) in the event that all of the trustee(s) named in the Membership Application or Living Trust Signature Card resign, die, become incapacitated, or otherwise become unable to act as trustee(s) of the Trust. The Membership Application or Living Trust Signature Card will not be approved unless successor trustee(s) are designated.
b. We may require you to provide us with a notarized trust certification confirming your power as a trustee prior to opening the account or making changes to the account.
c. We are not required to know, understand, interpret, or enforce the terms of your written trust instrument. The Credit Union is not required to keep any Trust Instrument in its files and is not liable for the contents of a Trust Instrument. THE CREDIT UNION HAS NOT RECEIVED A COPY OF THE TRUST INSTRUMENT AND SHALL IN NO EVENT BE LIABLE FOR ITS CONTENTS.
d. You acknowledge that the account is governed by the applicable terms and conditions set forth in this Agreement and by the terms and conditions set forth in the Living Trust Account Signature Card that you will be asked to sign when the account is opened.
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 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. You may open an account to hold the funds of your trust and be named as trustee on our trust account signature card. A person named as a trustee on our 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 our 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. 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. 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.
