Accounts for Businesses and Organizations. Accounts held in the name of a business, organization, or associations are subject to the same terms set forth in this Agreement and the following additional rules. The Credit Union reserves the right to require a business to provide a Membership Application informing the Credit Union who is authorized to act on its behalf. No POD beneficiary designation or other designation shall apply to the account. You agree to notify the Credit Union of any change in authority. The Credit Union may rely on the written authorization until such time as the Credit Union is informed of changes in writing and has had a reasonable time to act upon such notice. The Credit Union may require that third-party checks payable to a business not be cashed, but must be deposited to a business account. The Credit Union shall have no notice of any breach of fiduciary duties arising from a transaction by any agent of the account owner, unless the Credit Union has actual notice of any wrongdoing.
Appears in 3 contracts
Samples: Membership and Account Agreement, www.cypruscu.com, www.cypruscu.com
Accounts for Businesses and Organizations. Accounts held in the name of a an association, business, organization, organization or associations member for business purposes are subject to the same terms and conditions set forth in this Agreement Agreement. Owners and the following additional rules. The Credit Union reserves the right to require a business to provide a Membership Application informing the Credit Union who is authorized to act on its behalf. No POD beneficiary designation or other designation shall apply signers agree to the accountspecific terms and disclosures set forth in the Business Rate and Fee Schedule for each account type and service. You Owners and authorized signers agree to notify inform the Credit Union of any change in authoritythe persons authorized to transact business on behalf of the corporation or organization. The Credit Union may rely on the account owner’s written authorization until such time as the Credit Union is informed of any changes in writing and has had a reasonable time to act upon such noticewriting. The Credit Union may require that third-third party checks payable to a business not be cashed, but must be deposited to a business account. The Credit Union shall have no notice of any breach of fiduciary duties arising from a transaction by any agent of the account ownerowners, unless the Credit Union has actual written notice of any wrongdoing.
Appears in 3 contracts
Samples: And Account Agreement, And Account Agreement, Terms and Conditions
Accounts for Businesses and Organizations. Accounts held in the name of a business, organization, or associations are subject to the same terms set forth in this Agreement and the following additional rules. The Credit Union reserves the right to require a business to provide a Membership Member- ship Application informing the Credit Union who is authorized to act on its behalf. No POD beneficiary designation or other designation shall apply to the account. You agree to notify the Credit Union of any change in authority. The Credit Union may rely on the written authorization until such time as the Credit Union is informed of changes in writing and has had a reasonable time to act upon such notice. The Credit Union may require that third-party checks payable to a business not be cashed, but must be deposited to a business account. The Credit Union shall have no notice of any breach of fiduciary duties arising from a transaction by any agent of the account owner, unless the Credit Union has actual notice of any wrongdoing.
Appears in 1 contract
Samples: Membership and Account Agreement
Accounts for Businesses and Organizations. Accounts held in the name of a business, organization, or associations association member are subject to the same terms set forth in this Agreement and the following additional rules. The Credit Union reserves the right to require a the business member to provide a Membership Application an Account Authorization (Agency Designation) informing the Credit Union who is authorized to act on its behalf. No POD beneficiary designation or other designation shall apply to the account. You agree to notify the Credit Union of any change in authority. The Credit Union may rely on the written authorization until such time as the Credit Union is informed of changes in writing and has had a reasonable time to act upon such notice. The Credit Union may require that third-party checks payable to a business not be cashed, but must be deposited to a business account. The Credit Union shall have no notice of any breach of fiduciary duties arising from a transaction by any agent of the account owner, unless the Credit Union has actual notice of any wrongdoing.
Appears in 1 contract
Samples: Account Agreement
Accounts for Businesses and Organizations. Accounts held in the name of a business, organization, or associations association member are subject to the same terms set forth in this Agreement and the following additional rules. The Credit Union reserves the right to require a the business member to provide a Membership Application informing the Credit Union who is authorized to act on its behalf. No POD beneficiary designation or other designation shall apply to the account. You agree to notify the Credit Union of any change in authority. The Credit Union may rely on the written authorization until such time as the Credit Union is informed of changes in writing and has had a reasonable time to act upon such notice. The Credit Union may require that third-party checks payable to a business not be cashed, but must be deposited to a business account. The Credit Union shall have no notice of any breach of fiduciary duties arising from a transaction by any agent of the account owner, unless the Credit Union has actual notice of any wrongdoing.
Appears in 1 contract
Samples: cups.cs.cmu.edu