Common use of Control of Joint Accounts Clause in Contracts

Control of Joint Accounts. Any owner is authorized and deemed to act for any other owner(s) and may instruct us regarding transactions and other account mat- ters. Each owner guarantees the signature of any other owner(s). Any owner may withdraw all funds, stop payment on items, transfer, or pledge to us all or any part of the shares without the consent of the other owner(s). We have no duty to notify any owner(s) about any transaction. We reserve the right to require written consent of all owners for any change to or termination of an account. If we receive written notice of a dispute between owners or inconsistent instructions from them, we may suspend or terminate the account and require a court order or written consent from all owners to act. A Joint Owner is considered an owner for purposes of this agreement and may perform all transactions on the account except to close the membership account or draw it below the $25.00 par value. This includes both passbooks and statement accounts. A member or joint owner may perform trans- actions on passbook accounts with or without the passbook.

Appears in 2 contracts

Samples: www.centralmainecu.com, www.centralmainecu.com

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Control of Joint Accounts. Any owner is authorized and deemed to act for any other owner(s) and may instruct us regarding transactions and other account mat- tersmatters. Each owner guarantees the signature of any other owner(s). Any owner may withdraw with- draw all funds, stop payment on items, transfer, or pledge to us all or any part of the shares without the consent of the other owner(s). We have no duty to notify any owner(s) about any transaction. We reserve the right to require written consent of all owners for any change to or termination of an account. If we receive written notice of a dispute between owners or inconsistent instructions from them, we may suspend or terminate the account and require a court order or written consent from all owners to act. A Joint Owner is considered an owner for purposes of this agreement and may perform all transactions on the account except to close the membership account or draw it below the $25.00 par value. This includes both passbooks and statement accounts. A member or joint owner may perform trans- actions transac- tions on passbook accounts with or without the passbook.

Appears in 1 contract

Samples: centralmainecu.com

Control of Joint Accounts. Any owner is authorized and deemed to act for any other owner(s) and may instruct us regarding transactions and other account mat- tersmatters. Each owner guarantees the signature of any other owner(s). Any owner may withdraw all funds, stop payment on items, transfer, or pledge to us all or any part of the shares without the consent of the other owner(s). We have no duty to notify any owner(s) about any transaction. We reserve the right to require written consent of all owners for any change to or termination of an account. If we receive written notice of a dispute between owners or inconsistent instructions from them, we may suspend or terminate the account and require a court order or written consent from all owners to act. A Joint Owner is considered an owner for purposes of this agreement and may perform all transactions on the account except to close the membership account or draw it below the $25.00 10.00 par value. This includes both passbooks and statement accounts. A member or joint owner may perform trans- actions transactions on passbook accounts with or without the passbook.

Appears in 1 contract

Samples: static1.squarespace.com

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Control of Joint Accounts. Any owner is authorized and deemed to act for any other owner(s) and may instruct us regarding transactions and other account mat- tersmatters. Each owner guarantees the signature of any other owner(s). Any owner may withdraw all funds, stop payment on items, transfer, or pledge to us all or any part of the shares without the consent of the other owner(s). We have no duty to notify any owner(s) about any transaction. We reserve the right to require written consent of all owners own- ers for any change to or termination of an account. If we receive written notice of a dispute between owners or inconsistent instructions from them, we may suspend or terminate the account and require a court order or written consent from all owners to act. A Joint Owner is considered an owner for purposes of this agreement and may perform all transactions on the account except to close the membership account or draw it below the $25.00 par value. This includes both passbooks and statement accounts. A member or joint owner may perform trans- actions transactions on passbook accounts with or without the passbook.

Appears in 1 contract

Samples: centralmainecu.com

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