Common use of Business Accounts Clause in Contracts

Business Accounts. Where a corporation, unincorporated association or limited liability company, partnership, including a limited partnership, limited liability partnership, or joint venture, government entity or sole proprietor is designated or appears on a signature card as the owner of such account, then the account is payable only to or on the order of the business, and not to any individual director, shareholder, member or partner thereof except as they may be a payee on a check or other item drawn on your account. You further represent and agree that the business has taken all action necessary to open and maintain banking accounts at the Bank and that all resolutions and/or other documentation delivered to us in connection with the account are true, accurate, complete, and will be kept up to date and may be conclusively relied upon by us. You agree to notify us in advance of any change in your form of ownership. You also agree that we are not obligated to cash checks payable to you or to accept “less cash” deposits. Notwithstanding anything to the contrary, the relationship between you and the Bank is one of debtor/creditor, not fiduciary, even if the account is titled as a “fiduciary” account with that role being played by you. You agree that each eligible signer is authorized to endorse for collection, deposit, or negotiation any and all checks, drafts, notes, bills of exchange, certificates of deposit, and orders for the payment or transfer of money between accounts at the Bank and other banks, either belonging to or coming into the possession of the business. Endorsements “for deposit” may be written or stamped. We may accept any instrument for deposit to any depository account of the business without endorsement or may supply the endorsement of the business. The person(s) so designated is authorized to sign any and all checks, drafts and orders drawn against any designated account(s) of the business at the Bank. We are authorized to honor and pay all checks, drafts and orders when so signed or endorsed without inquiry as to the circumstances of issue or disposition of the proceeds even if doing so causes an overdraft or increases an overdraft and regardless of to whom such instruments are payable or endorsed, including those drawn or endorsed to the individual order of any such person so listed.

Business Accounts. Where a corporation, unincorporated association If you request that we send paperless statements or limited liability company, partnership, including a limited partnership, limited liability partnership, or joint venture, government entity or sole proprietor is designated or appears on a signature card as the owner of such notices to an authorized signer for your account, then the account is payable only to or on the order of the business, and not to any individual director, shareholder, member or partner thereof except as they may be a payee on a check or other item drawn on your account. You further represent and you agree that the business has taken all action necessary authorized signer receiving the statements and notices for your account is responsible for properly sharing such information with your business. If you request that we send paper notices to open an authorized signer for your account at an address different from the address in our records for your business, you agree that the authorized signer is responsible for sharing statement and maintain banking accounts notice information with your business. Check Image Services Address or Name Changes Account Statements or Notices Returned or Undeliverable Review Your Account Statements We do not return your physical paid checks in your statements. However, we make copies of your paid checks available by calling us at 000.000.0000 or visiting one of our branches. You may also access images of your paid checks via Online Banking or Mobile Banking if you enroll in those services. For a fee, you may be able to enroll in our check image service. With this service, you will receive images of your paid checks on your paper statement. Speak to an Atlantic Union Bank representative to get more information on the Bank service available with your account and that all resolutions and/or other documentation delivered any associated cost. When we provide a statement, the check images are available to us in connection you, even if we do not send originals or images with the account are truestatement. We will destroy original checks after a reasonable period of time as we determine in our sole discretion. If for any reason we cannot provide a copy of your check, accuratewe won’t be liable for more than the face amount of the check. We cannot provide originals or images of checks that we receive as electronic transfers. Additionally, completeother banks may send us electronic images instead of original checks. In that case, and will be kept up to date and we may be conclusively relied upon by usprovide a copy of the image, but not the original check. You agree to promptly notify us in advance of any change in to your form of ownership. You also agree that we are not obligated to cash checks payable to you or to accept “less cash” deposits. Notwithstanding anything to the contraryname, the relationship between you and the Bank is one of debtor/creditor, not fiduciary, even if the account is titled as a “fiduciary” account with that role being played by you. You agree that each eligible signer is authorized to endorse for collection, depositpostal, or negotiation any and all checksemail address. We will change your postal or email address within a reasonable time after you request it. If you request we change your name, draftswe may ask for additional documentation to verify your request. Unless you instruct otherwise, notes, bills of exchange, certificates of deposit, and orders we may change the postal or electronic address only for the payment account(s) you specify or transfer for all or some of money between accounts at the Bank and your other banks, either belonging to or coming into the possession of the business. Endorsements “for deposit” may be written or stampedaccount(s) with us. We may accept any instrument for deposit update your address in our records without a request from you if (1) we identify a need to any depository account of rely on another address you have provided us; or (2) we receive an address change notice from the U.S. Postal Service, or information from another party in the business without endorsement of providing correct address details, that does not match the address in our records for your account or card. To notify us of any address change you may supply contact us in the endorsement manner provided on the first page of the business. The person(s) so designated is authorized to sign any and all checks, drafts and orders drawn against any designated account(s) of the business at the Bankthis Agreement. We will consider your account statements or notices as unclaimed or undeliverable if we receive notice that the mailing address or email address associated with your account is incorrect (for example, we receive notice from the U.S. Postal Service or a return email as undeliverable). We may discontinue sending account statements and notices and destroy account statements and notices returned to us as undeliverable. We will not attempt to re-deliver account statements and notices to you until you provide us with a valid postal or electronic address. We still make your account statements and notices available to you (e.g., via Online Banking if you are authorized to honor enrolled or you can visit one of our branches) if we discontinue sending account statements and pay all checks, drafts and orders when so signed or endorsed without inquiry as notices to the circumstances of issue mailing address or disposition of the proceeds even if doing so causes an overdraft or increases an overdraft and regardless of to whom such instruments are payable or endorsed, including those drawn or endorsed to the individual order of any such person so listedemail address associated with your account.

Business Accounts. Where a corporation, unincorporated association or limited liability company, partnership, including a limited partnership, limited liability partnership, or joint venture, government entity or sole proprietor is designated or appears on a signature card as the owner of such account, then the account is payable only to or on the order of the businessthebusiness, and not to any individual director, shareholder, member or partner thereof except as they may be a payee on a check or other item drawn on your account. You further represent and agree that the business has taken all action necessary to open and maintain banking accounts at the Bank and that all resolutions and/or other documentation delivered to us in connection with the account are true, accurate, complete, and will be kept up to date and may be conclusively relied upon by us. You agree to notify us in advance of any change in your form of ownership. You also agree that we are not obligated to cash checks payable to you or to accept “less cash” deposits. Notwithstanding anything to the contrary, the relationship between you and the Bank is one of debtor/creditor, not fiduciary, even if the account is titled as a “fiduciary” account with that role being played by you. You agree that each eligible signer is authorized to endorse for collection, deposit, or negotiation any and all checks, drafts, notes, bills of exchange, certificates of deposit, and orders for the payment or transfer of money between accounts at the Bank and other banks, either belonging to or coming into the possession of the business. Endorsements “for deposit” may be written or stamped. We may accept any instrument for deposit to any IIany depository account of the business without endorsement or may supply the endorsement of the business. The person(s) so designated is authorized to sign any and all checks, drafts and orders drawn against any designated account(s) of the business at the Bank. We are authorized to honor and pay all checks, drafts and orders when so signed or endorsed without inquiry as to the circumstances of issue or disposition of the proceeds even if doing so causes an overdraft or increases an overdraft and regardless of to whom such instruments are payable or endorsed, including those drawn or endorsed to the individual order of any such person so listed.

Business Accounts. Where a Business accounts are those established by any partner- ship, corporation, unincorporated association or limited liability company, partnership, including a limited partnership, limited liability partnership, association or joint venture, government other entity or sole proprietor is designated or appears operated on a signature card as for-profit basis; all corporations and associations operated on a not-for-profit basis; all governmental units; and any individual who intends to use the owner of such account for carrying on a trade or business. The business entity and each person who signs the sig- nature card, any resolution or any other separate written authorization concerning a business account, then the account is payable only represents to or on the order of the business, and not to any individual director, shareholder, member or partner thereof except as they may be a payee on a check or other item drawn on your account. You further represent and agree agrees with us that (a) the business entity has taken all action actions necessary to open and maintain banking accounts at the Bank and that account, (b) all resolutions and/or or other documentation delivered authorizations given to us in connection with by or on behalf of the account business entity are true, accurateaccurate and complete in all respects, complete(c) all assumed or fictitious names used by the business entity have been duly registered or filed with the applicable governmental authorities, and will be kept up (d) each person whose name is written or printed on the signature card or any resolution or any other separate written authorization concerning the account has complete authority to date and may be conclusively relied upon by usbind the business entity in all transactions involving the account unless otherwise specified. You agree The business entity agrees to notify us promptly in advance writing of any change in your its form of ownership. You also agree that we are not obligated to cash checks payable to you organization or to accept “less cash” deposits. Notwithstanding anything ownership or in the authority of any person with respect to the contrary, account or any transactions relating to it. We also reserve the relationship between you and right to require the Bank is one of debtor/creditor, not fiduciary, even if the account is titled as business entity to give us a “fiduciary” account with that role being played by you. You agree that each eligible signer separate written authorization telling us who is authorized to endorse for collection, deposit, or negotiation any and all checks, drafts, notes, bills of exchange, certificates of deposit, and orders for the payment or transfer of money between accounts at the Bank and other banks, either belonging to or coming into the possession of the business. Endorsements “for deposit” may be written or stamped. We may accept any instrument for deposit to any depository account of the business without endorsement or may supply the endorsement of the business. The person(s) so designated is authorized to sign any and all checks, drafts and orders drawn against any designated account(s) of the business at the Bankact on its behalf. We are authorized to honor follow the directions of a person designated as having authority to act on behalf of the business entity until we receive written notice that the authority has been terminated; provided that any change in authorized signatures is not effective until two business days after we receive notice of such change, not counting the actual day we receive the notice, although we may recognize such notice earlier. However, if the business entity imposes restrictions on the authorized signatories or if the entity instructs us that more than one signature is required, these designations are for the business’s internal purposes only, and pay all you authorize us to debit the business’s account even though an item presented contains less than the required number of signatures. In consideration of our acceptance of this account under a trade name, for the purpose of cashing or negotiating checks, drafts drafts, or other negotiable instru- ments payable to that trade name, and orders when so signed endorsed in that name, the business entity agrees to defend and indem- nify us against any loss or endorsed without inquiry as liability based upon our accep- tance for payment or credit of checks or other negotiable instruments drawn to the circumstances of issue or disposition of the proceeds even if doing so causes an overdraft or increases an overdraft and regardless of to whom such instruments are payable or endorsed, including those drawn or endorsed to the individual order of and/or endorsed in that trade name. The business entity certifies they will not engage in unlawful internet gambling. Restricted transactions are prohibited from being processed through the account or relationship. Restricted transactions included but are not limited to: transactions or transmittals involving any such credit, funds, instrument, or proceeds that the Unlawful Internet Gambling Act prohibits any person so listed.engaged in the business of betting or wagering (which does not include the activities of a financial transaction provider, or any interactive computer service or telecommunications service) from knowingly accepting, in connection with the participation of another person in unlawful Internet gambling—

Business Accounts. Where a Business accounts are those established by any partnership, corporation, unincorporated association or limited liability company, partnership, including a limited partnership, limited liability partnership, association or joint venture, government other entity or sole proprietor is designated or appears operated on a for-profit basis; all corporations and associations operated on a not-for-profit basis; all governmental units; and any individual who intends to use the account for carrying on a trade or business. The business entity and each person who signs the signature card as the owner of such card, any resolution or any other sepa- rate written authorization concerning a business account, then the account is payable only represents to or on the order of the business, and not to any individual director, shareholder, member or partner thereof except as they may be a payee on a check or other item drawn on your account. You further represent and agree agrees with us that (a) the business entity has taken all action actions necessary to open and maintain banking accounts at the Bank and that account, (b) all resolutions and/or resolu- tions or other documentation delivered authorizations given to us in connection with by or on behalf of the account business entity are true, accurateaccurate and complete in all respects, complete(c) all assumed or fictitious names used by the business entity have been duly registered or filed with the applicable governmental authorities, and will be kept up (d) each person whose name is written or printed on the signature card or any reso- lution or any other separate written authorization concerning the account has complete authority to date and may be conclusively relied upon by usbind the business entity in all transactions involving the account unless otherwise specified. You agree The business entity agrees to notify us promptly in advance writing of any change in your its form of ownership. You also agree that we are not obligated to cash checks payable to you organization or to accept “less cash” deposits. Notwithstanding anything ownership or in the authority of any person with respect to the contrary, account or any transactions relating to it. We also reserve the relationship between you and right to require the Bank is one of debtor/creditor, not fiduciary, even if the account is titled as busi- ness entity to give us a “fiduciary” account with that role being played by you. You agree that each eligible signer separate written authoriza- tion telling us who is authorized to endorse for collection, deposit, or negotiation any and all checks, drafts, notes, bills of exchange, certificates of deposit, and orders for the payment or transfer of money between accounts at the Bank and other banks, either belonging to or coming into the possession of the business. Endorsements “for deposit” may be written or stamped. We may accept any instrument for deposit to any depository account of the business without endorsement or may supply the endorsement of the business. The person(s) so designated is authorized to sign any and all checks, drafts and orders drawn against any designated account(s) of the business at the Bankact on its behalf. We are authorized to honor follow the directions of a per- son designated as having authority to act on behalf of the business entity until we receive written notice that the authority has been terminated; provided that any change in authorized signatures is not effective until two business days after we receive notice of such change, not counting the actual day we receive the notice, although we may recognize such notice earlier. However, if the business entity imposes restrictions on the authorized signatories or if the entity instructs us that more than one signature is required, these designations are for the business's internal pur- poses only, and pay all you authorize us to debit the business's account even though an item pre- sented contains less than the required number of signatures. In consideration of our acceptance of this account under a trade name, for the purpose of cashing or negotiating checks, drafts drafts, or other negotiable instruments payable to that trade name, and orders when so signed endorsed in that name, the business entity agrees to defend and indemnify us against any loss or endorsed without inquiry as liability based upon our acceptance for payment or credit of checks or other negotiable instruments drawn to the circumstances of issue or disposition of the proceeds even if doing so causes an overdraft or increases an overdraft and regardless of to whom such instruments are payable or endorsed, including those drawn or endorsed to the individual order of any such person so listedand/or endorsed in that trade name. We reserve the right, with advance notice, to change the classification of an account as a con- sumer account to a business account if we deter- mine, in our discretion that the account is not being used primarily for personal, family, or household purposes.

Business Accounts. Where A business account (hereinafter “Business Account” or “Account”) is an account opened by a corporationnon-natural person entity. To open a Business Account, unincorporated association the entity must qualify for membership in its own right or limited liability companyif its shareholders, partnershippartners, including owners or members are composed for the most part of persons who are within the field of membership of this Credit Union. Business Checking Accounts are intended for business/commercial purposes and cannot be used for personal, family or household uses. You must open a limited partnership, limited liability partnership, or joint venture, government entity or sole proprietor is designated or appears Business Membership Savings Account to open any subsequent accounts. You must maintain the Business Membership Savings Account in good standing to avoid closure of that account and any subsequent accounts. Each Authorized Signer on a signature card as Business Account must be at least eighteen (18) years of age. Each Authorized Signer on a Business Account is duly authorized to act with respect to the owner of such account, then Account(s) and we are authorized to act on all matters relating to the account is payable only to or on Account(s) upon the order of any one of the business, and not Authorized Signers until we receive written instructions to any individual director, shareholder, member or partner thereof except the contrary from an authorized representative (as they may be a payee defined on a check or other item drawn on your accountthe Business Membership Application). You further represent and certify that any signatures appearing on the Business Membership Application are the genuine signatures of said authorized persons. You agree that any instruction to permit withdrawal only upon the business has taken all action necessary to open signature of two or more Authorized Signers or agents is for your internal use and maintain banking accounts at the Bank and that all resolutions and/or other documentation delivered to us in connection with the account are true, accurate, complete, benefit only and will not be kept up binding on us. You agree that we shall not be liable for any lack of signatures so long as the instructions contain the signature of or have been authorized by at least one Authorized Signer. Any payment made from your Account in good faith and reliance on the terms and conditions of this Agreement and the Business Membership Application shall be valid and discharge us from liability. Without limiting the foregoing, we may honor checks drawn against your Account by Authorized Signers, even if the checks are made payable to date and may be conclusively relied upon by usthem, to cash, or for deposit to their personal accounts. We have no duty to investigate or question withdrawals or the application of funds. You agree to notify us in advance immediately of the death or court-declared incompetence of any change in Authorized Signer on your form of ownershipAccount. We may freeze your Account and refuse to accept deposits when an Authorized Signer dies or is declared incompetent. You also understand and agree that access to and ownership of an Account is determined by the most recent Resolution and Business Membership Application we have on file. If there is a change to a sole proprietor, partner, member, or office of the business, a new Business Membership Application must be filled out for each account affected. If a non- owner Authorized Signer is changing, you must complete a Business Membership Application. Changes to the membership information will be made by you in writing or by another secured method approved by us. You understand and agree that we are not obligated may terminate account products at our option without written notice to cash checks payable to you or to accept “less cash” deposits. Notwithstanding anything to the contrary, the relationship between you and the Bank is one of debtor/creditor, not fiduciary, even if the account is titled as a “fiduciary” account with that role being played by you. You agree that each eligible signer is authorized to endorse for collection, deposit, or negotiation any and all checks, drafts, notes, bills of exchange, certificates of deposit, and orders for the payment or transfer of money between accounts at the Bank and other banks, either belonging to or coming into the possession of the business. Endorsements “for deposit” may be written or stamped. We may accept also suspend offering account products from time to time at our discretion without notice to you. 2g. ACCOUNTS FOR MINORS & XXXXXXXXX EDUCATION SAVINGS ACCOUNT (ESA). We require any instrument account established by a minor to be a jointly owned account with an owner who is either the minor’s parent, grandparent, or legal guardian, has reached the age of majority under state law and who shall be jointly and severally liable to us for deposit any returned item, overdraft, or unpaid charges or amounts on such account. We may pay funds directly to the minor without regard to his or her minority. Unless the minor’s parent, grandparent, or legal guardian is an account owner, this individual shall not have any depository account access rights. We have no duty to inquire about the use or purpose of any transaction. The Xxxxxxxxx ESA may only be opened on an account already established in the name of the business without endorsement or minor and only one parent may supply be named as the endorsement of Responsible Individual on the business. The person(s) so designated is authorized account which may change to sign any and all checks, drafts and orders drawn against any designated account(s) of the business child at the Bankage of majority if this was chosen when the account was established. We are authorized to honor and pay all checks, drafts and orders when so signed or endorsed without inquiry as to the circumstances of issue or disposition of the proceeds even if doing so causes an overdraft or increases an overdraft and regardless of to whom such instruments are payable or endorsed, including those drawn or endorsed to the individual order of any such person so listedThere is no joint owner on a Xxxxxxxxx ESA.

Business Accounts. Where a Business accounts are those established by any partnership, corporation, unincorporated association or limited liability company, partnership, including a limited partnership, limited liability partnership, association or joint venture, government other entity or sole proprietor is designated or appears operated on a for-profit basis; all corporations and associations operated on a not-for-profit basis; all governmental units; and any individual who intends to use the account for carrying on a trade or business. A business account is not considered a “consumer” account. The business entity and each person who signs the signature card as the owner of such card, any resolution or any other separate written authorization concerning a business account, then the account is payable only represents to or on the order of the business, and not to any individual director, shareholder, member or partner thereof except as they may be a payee on a check or other item drawn on your account. You further represent and agree agrees with us that (a) the business entity has taken all action actions necessary to open and maintain banking accounts at the Bank and that account, (b) all resolutions and/or or other documentation delivered authorizations given to us in connection with by or on behalf of the account business entity are true, accurateaccurate and complete in all respects, complete(c) all assumed or fictitious names used by the business entity have been duly registered or filed with the applicable governmental authorities, and will be kept up (d) each person whose name is written or printed on the signature card or any resolution or any other separate written authorization concerning the account has complete authority to date and may be conclusively relied upon by usbind the business entity in all transactions involving the account unless otherwise specified. You agree The business entity agrees to notify us promptly in advance writing of any change in your its form of ownership. You also agree that we are not obligated to cash checks payable to you organization or to accept “less cash” deposits. Notwithstanding anything ownership or in the authority of any person with respect to the contrary, account or any transactions relating to it. We also reserve the relationship between you and right to require the Bank is one of debtor/creditor, not fiduciary, even if the account is titled as business entity to give us a “fiduciary” account with that role being played by you. You agree that each eligible signer separate written authorization telling us who is authorized to endorse for collection, deposit, or negotiation any and all checks, drafts, notes, bills of exchange, certificates of deposit, and orders for the payment or transfer of money between accounts at the Bank and other banks, either belonging to or coming into the possession of the business. Endorsements “for deposit” may be written or stamped. We may accept any instrument for deposit to any depository account of the business without endorsement or may supply the endorsement of the business. The person(s) so designated is authorized to sign any and all checks, drafts and orders drawn against any designated account(s) of the business at the Bankact on its behalf. We are authorized to honor follow the directions of a person designated as having authority to act on behalf of the business entity until we receive written notice that the authority has been terminated; provided that any change in authorized signatures is not effective until two business days after we receive notice of such change, not counting the actual day we receive the notice, although we may recognize such notice earlier. However, if the business entity imposes restrictions on the authorized signatories or if the entity instructs us that more than one signature is required, these designations are for the business’s internal purposes only, and pay all you authorize us to debit the business’s account even though an item presented contains less than the required number of signatures. In consideration of our acceptance of this account under a trade name, for the purpose of cashing or negotiating checks, drafts drafts, or other negotiable instruments payable to that trade name, and orders when so signed endorsed in that name, the business entity agrees to defend and indemnify us against any loss or endorsed without inquiry as liability based upon our acceptance for payment or credit of checks or other negotiable instruments drawn to the circumstances of issue or disposition of the proceeds even if doing so causes an overdraft or increases an overdraft and regardless of to whom such instruments are payable or endorsed, including those drawn or endorsed to the individual order of and/or endorsed in that trade name. The business entity certifies it will not engage in unlawful internet gambling. Restricted transactions are prohibited from being processed through the account or relationship. Restricted transactions include but are not limited to: transactions or transmittals involving any such credit, funds, instrument, or proceeds that the Unlawful Internet Gambling Act prohibits any person so listed.engaged in the business of betting or wagering (which does not include the activities of a financial transaction provider, or any interactive computer service or telecommunications service) from knowingly accepting, in connection with the participation of another person in unlawful Internet gambling—

Business Accounts. Where If you are a corporationbusiness, unincorporated association or limited liability companythe following provisions apply. By accessing eBanking, partnershipyou agree you have the right to provide us with instructions, including a limited partnershipmake any decision, limited liability partnershipobtain any information, or joint venturemake any request associated with the Account(s) and related eBanking service which are the subject hereof. Your authorized signer(s) is authorized on such terms, government entity conditions, and agreements as we may from time to time require to: • enter into this Agreement, as amended from time to time; • access each Account of yours in any manner and for any purpose available through eBanking, whether now available or sole proprietor is available at some time in the future; • use eBanking in any manner and for any purpose available through the Website, whether now available or available at some time in the future; and • designated delegated users through the Website. You further agree that each of your delegated users, as designated to us through the Website, will be acting as your agent and will be bound by this Agreement and any separate agreement governing the Account(s). For business Accounts, the authorized signer or appears on a signature card as Authorized Representative designated by the owner of such account, then the account is payable only to or on the order Customer of the businessAccounts being accessed may manage the authority of your delegated users through the Website. You agree that you, and not to any individual directorwe, shareholder, member or partner thereof except as are responsible for supervising all of your delegated users and monitoring the actions they may be a payee on a check or other item drawn take on your accountbehalf, whether or not we provide tools for managing their authority. If you grant a delegated user Treasury Management Services access, you understand and agree you are authorizing the delegated user to transfer funds, wire funds, perform stop payment requests, originate ACH transactions, perform Account maintenance, view Account transactions, and participate in any other Service for any Account linked to eBanking. All transactions that a delegated user performs on an Account within the scope of the authority you grant through the Website, including any transactions you did not want or intend, are transactions authorized by you. You further represent and agree that the business has taken all action necessary to open and maintain banking accounts at the Bank and that all resolutions and/or other documentation delivered to us in connection with the account are true, accurate, completesolely responsible for those transactions, and will be kept up to date and may be conclusively relied upon by us. You agree to notify us in advance of any change in your form of ownership. You also agree that we are not obligated responsible for them. If you revoke or change the authorization of a delegated user using the Website, only transactions that you did not want or intend and that the delegated user performs after you change their authorization, and we have a reasonable opportunity to cash checks payable act on that notice, will be considered unauthorized transactions. To notify us that you want to terminate a designated user appointment you have made on the Website, you must send a message through the eBanking secure message system or call Allegiance Bank at 000-000-0000. You can immediately disable a delegated user by selecting the "user lock” or “delete” option in the “User Setup” function under "Administration". Your delegated users may not further delegate rights to accept “less cash” depositsview your Account(s) unless you give them authorization. Notwithstanding anything to You are responsible for ensuring each delegated user maintains the contraryconfidentiality of his or her username, the relationship between you password, and the Bank is one of debtor/creditor, not fiduciary, even if the account is titled as a “fiduciary” account with that role being played by youother login credentials. You agree that each eligible signer delegated user will access and use each Account and eBanking in accordance with the authority given to the delegated user by an authorized signer. Each time a delegated user accesses, views, or transacts on an Account or through eBanking, you represent and warrant to us that the delegated user’s action is authorized to endorse for collection, depositby you. If we receive conflicting instructions, or negotiation any and all checks, drafts, notes, bills of exchange, certificates of deposit, and orders for the payment if we believe an Account’s security or transfer of money between accounts at the Bank and other banks, either belonging to or coming into the possession of the business. Endorsements “for deposit” our security may be written or stamped. We may accept any instrument for deposit to any depository account at risk as a result of a delegated user, we may, in our sole discretion, terminate the business without endorsement or may supply the endorsement of the business. The person(s) so designated is authorized to sign any and all checks, drafts and orders drawn against any designated account(s) of the business at the Bank. We are authorized to honor and pay all checks, drafts and orders when so signed or endorsed without inquiry as delegated user’s access to the circumstances of issue Service, an Account, or disposition of the proceeds even if doing so causes an overdraft eBanking, or increases an overdraft and regardless of to whom such instruments are payable or endorsed, including those drawn or endorsed to prevent the individual order of any such person so listedfrom being a delegated user, without prior notice to you or an authorized signer.

Business Accounts. Where A business account (hereinafter “Business Account” or “Account”) is an account opened by a corporationnon-natural person entity. To open a Business Account, unincorporated association the entity must qualify for membership in its own right or limited liability companyif its shareholders, partnershippartners, including owners or members are composed for the most part of persons who are within the field of membership of this Credit Union. Business Checking Accounts are intended for business/commercial purposes and cannot be used for personal, family or household uses. You must open a limited partnership, limited liability partnership, or joint venture, government entity or sole proprietor is designated or appears Business Membership Savings Account to open any subsequent accounts. You must maintain the Business Membership Savings Account in good standing to avoid closure of that account and any subsequent accounts. Each Authorized Signer on a signature card as Business Account must be at least eighteen (18) years of age. Each Authorized Signer on a Business Account is duly authorized to act with respect to the owner of such account, then Account(s) and we are authorized to act on all matters relating to the account is payable only to or on Account(s) upon the order of any one of the business, and not Authorized Signers until we receive written instructions to any individual director, shareholder, member or partner thereof except the contrary from an authorized representative (as they may be a payee defined on a check or other item drawn on your accountthe Business Membership Application). You further represent and certify that any signatures appearing on the Business Membership Application are the genuine signatures of said authorized persons. You agree that any instruction to permit withdrawal only upon the business has taken all action necessary to open signature of two or more Authorized Signers or agents is for your internal use and maintain banking accounts at the Bank and that all resolutions and/or other documentation delivered to us in connection with the account are true, accurate, complete, benefit only and will not be kept up binding on us. You agree that we shall not be liable for any lack of signatures so long as the instructions contain the signature of or have been authorized by at least one Authorized Signer. Any payment made from your Account in good faith and reliance on the terms and conditions of this Agreement and the Business Membership Application shall be valid and discharge us from liability. Without limiting the foregoing, we may honor checks drawn against your Account by Authorized Signers, even if the checks are made payable to date and may be conclusively relied upon by usthem, to cash, or for deposit to their personal accounts. We have no duty to investigate or question withdrawals or the application of funds. You agree to notify us in advance immediately of the death or court-declared incompetence of any change in Authorized Signer on your form of ownershipAccount. We may freeze your Account and refuse to accept deposits when an Authorized Signer dies or is declared incompetent. You also understand and agree that access to and ownership of an Account is determined by the most recent Resolution and Business Membership Application we have on file. If there is a change to a sole proprietor, partner, member, or office of the business, a new Business Membership Application must be filled out for each account affected. If a non-owner Authorized Signer is changing, you must complete a Business Membership Application. Changes to the membership information will be made by you in writing or by another secured method approved by us. You understand and agree that we are not obligated may terminate account products at our option without written notice to cash checks payable to you or to accept “less cash” deposits. Notwithstanding anything to the contrary, the relationship between you and the Bank is one of debtor/creditor, not fiduciary, even if the account is titled as a “fiduciary” account with that role being played by you. You agree that each eligible signer is authorized to endorse for collection, deposit, or negotiation any and all checks, drafts, notes, bills of exchange, certificates of deposit, and orders for the payment or transfer of money between accounts at the Bank and other banks, either belonging to or coming into the possession of the business. Endorsements “for deposit” may be written or stamped. We may accept also suspend offering account products from time to time at our discretion without notice to you. 2g. ACCOUNTS FOR MINORS & XXXXXXXXX EDUCATION SAVINGS ACCOUNT (ESA). We require any instrument account established by a minor to be a jointly owned account with an owner who is either the minor’s parent, grandparent, or legal guardian, has reached the age of majority under state law and who shall be jointly and severally liable to us for deposit any returned item, overdraft, or unpaid charges or amounts on such account. We may pay funds directly to the minor without regard to his or her minority. Unless the minor’s parent, grandparent, or legal guardian is an account owner, this individual shall not have any depository account access rights. We have no duty to inquire about the use or purpose of any transaction. The Xxxxxxxxx ESA may only be opened on an account already established in the name of the business without endorsement or minor and only one parent may supply be named as the endorsement of Responsible Individual on the business. The person(s) so designated is authorized account which may change to sign any and all checks, drafts and orders drawn against any designated account(s) of the business child at the Bankage of majority if this was chosen when the account was established. We are authorized to honor and pay all checks, drafts and orders when so signed or endorsed without inquiry as to the circumstances of issue or disposition of the proceeds even if doing so causes an overdraft or increases an overdraft and regardless of to whom such instruments are payable or endorsed, including those drawn or endorsed to the individual order of any such person so listedThere is no joint owner on a Xxxxxxxxx ESA.