Common use of Terms and Conditions Applicable to Trust Accounts Clause in Contracts

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. 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 Certifcation of Trust. A person named as a trustee on the Trustee’s Account Agreement and Certification Certifcation 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 Certifcation of Trust or continued use of an account or service confirms confrms 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. 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.