Account Ownership. Based upon the type of account ownership that you have designated; the following terms and conditions apply.
Account Ownership. You may open your account in one or more names. Minors may not open accounts as sole owners. Joint Accounts: If opened in more than one name, your account will be treated as a joint account with right of survivorship. If one owner dies, funds will be payable to the surviving owner(s). The TIN assigned to the account for IRS reporting purposes shall be that of the first listed owner. Any account owner may withdraw any or all of the funds, regardless of any information we may have regarding actual ownership of the funds on deposit. We may honor instructions concerning the account from any account owner or the legal representative of any account owner, including instructions regarding account closure, account re-titling, and/or the removal of account owners. Each joint account owner guarantees the signature of the other joint owner(s). All owners on a joint account are jointly and individually liable for any overdrafts created in the account, regardless of which joint owner made the withdrawal overdrawing the account or who benefited from the payment. All owners must sign a permanent signature card and provide the required documentation of identity. Failure to provide us with this completed document may result in the Bank’s refusal to negotiate checks or payment orders against the account. For your convenience, we may allow you to establish a joint account, even if only one joint account owner signs the signature card. If we allow you to do this, you agree to indemnify and hold us harmless from and against losses we may incur, or other harm arising from, or in any way relating to, establishing your joint account without having a signature card signed by another joint account owner. By transacting any business on the joint account, a joint account owner who has not signed the account’s signature card agrees to be bound by this Agreement, the Consumer Banking Fee Schedule, and any other applicable agreement. If any joint account owner has not provided us with a signed signature card, your joint account may not qualify as a joint account for purposes of Federal Deposit Insurance coverage under applicable law concerning inheritance or the transfer of property upon death. We reserve the right to refuse to pay or honor checks and other orders of withdrawal signed by a joint account owner who has not signed the account’s signature card. We may, in our sole discretion, convert your joint account into an individual account. Each joint account owner hereby appoints eac...
Account Ownership. If You own the Assets in the Account together with another person or persons (individually, the "Owner" and collectively, the "Owners"), You agree, jointly and individually, that all Assets in the account are held as Joint Tenants with Rights of Survivorship and not as Tenants in Common. As such, You agree that each Owner is the agent for the other, and that each is authorized to act individually under the terms and conditions of this Agreement, including exercising the authority to receive, deposit, withdraw or transfer Assets held in the Account at any time. Upon the death of one Owner, Assets held in the Account shall become the absolute property of the surviving Owner, and You hereby direct and authorize IDS to recognize the surviving Owner as Owner of the Account. You, the Owner(s) individually and severally hereby agree to indemnify and hold IDS harmless from any liability or damage IDS may incur in complying with the written instructions provided for herein, including the delivery, deposit, withdrawal, pledging or transfer of the Assets held in the Account, including reasonable attorney's fees and costs. You, the Owner(s) further agree the terms outlined herein shall inure to, and be binding upon each of your heirs, executors, assigns and administrators, as well as to and upon yourselves.
Account Ownership. You may open an account in your name alone, or with one or more other parties. Following is a brief summary of the general forms of account ownership available at NewBank. Note: Because decisions concerning whether an account should be held in a particular capacity may have significant legal, tax and estate planning consequences, consultation with your attorney or tax advisor is recommended.
Account Ownership. Account selection is made on the application. The type of account you select may determine how property passes on your death. Your Will may not control the disposition of funds held in some of the following accounts.
Account Ownership. Notwithstanding anything else in this Exhibit or the Agreement, i) the Legal Guardian may take over as Account Owner with respect to the Newborn Stem Cells at any time before the Child reaches the age of majority by executing a new ViaCord Services Agreement, and ii) the Child may take over as Account Owner with respect to the Newborn Stem Cells at any time after reaching the age of majority by executing a new ViaCord Services Agreement.
Account Ownership a. A Match response means that the ownership type you entered matches the information associated with the account.
Account Ownership. If You deposit and hold Precious Metals in an Account together with another person or persons (individually, the “Owner” and collectively, the “Owners”), you agree, jointly and individually, that each Owner is the agent for the other, and that each is authorized to act individually under the terms and conditions of this agreement, including exercising the authority to receive, deposit, withdraw or transfer the Precious Metals held in the Account at any time. The parties may amend this Agreement to add other persons who were not listed in the originally executed agreement. If there is more than one owner of the Account, You are jointly and severally (in Québec, solidarily) liable to us for your obligations hereunder and you acknowledge that you own the Account jointly and, upon the death of one joint owner, all rights in the Account and the Account assets pass to the survivor(s) unless otherwise specified. Notwithstanding the foregoing, your ownership interest may pass in accordance with other legal documentation provided that it is in satisfactory form and is provided to us prior to transmission or payment of your interest. Upon the death or incompetence of an Owner, any and all acts performed by SM hereunder prior to the SM’s receipt of written notice of such death or incompetence, at the office where this Agreement is administered, shall be valid and binding upon the Owner and Owner’s successors in interest. If the Owner consists of more than one person, then the death or incompetence of the Owner shall only be deemed to occur if each such person has died or become incompetent. Upon receipt of satisfactory evidence of the death of an Owner and all other documents that SM may reasonably require, SM shall transfer the Account assets, or sell them and pay out the Account proceeds, to such Owner’s legal personal representative. Deductions will be made for all fees, costs and charges that are payable. SM will be fully discharged once SM makes such transfers or payments. SM will not be liable for any loss caused by any delay in making any such transfer or payment.
Account Ownership. Account selection is made on the Application. The type of Account you select may determine how property passes on your death. Your Will may not control the disposition of funds held in some of the following Accounts. We require that all Checking, Savings, Money Market, and Club Accounts have the same owners and Payable on Death beneficiaries. As to IRA Share accounts, Term Share Certificates or IRA Term Share Certificates ownership and beneficiaries are separately determined. If our policy permits, you may choose to designate one or more convenience signers on a personal Account. A designated convenience signer may make transactions on your behalf during your lifetime on your Checking, Savings, Money Market and Club Accounts but does not own the Accounts during your lifetime. The designated convenience signer owns the Account on your death only if the convenience signer is also designated as a P.O.D. payee.
Account Ownership. The Account may only be owned and titled in the name of one individual. Account ownership is non-transferrable. The Account cannot be owned or titled jointly, by an organization, as Payable on Death or In Trust For.
