Common use of Control of Trust Accounts Clause in Contracts

Control of Trust Accounts. All sums paid to the Credit Union on savings or deposits (less setoff allowed by law or provided for by contract) shall be paid on proper withdrawal demand. Such demand must be made by at least one of the Trustees. The Credit Union has no obligation to follow the application of funds withdrawn from the account.

Appears in 3 contracts

Samples: www.myfpcu.com, www.myfpcu.com, www.myfpcu.com

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Control of Trust Accounts. All sums paid to the Credit Union on savings or deposits (less setoff allowed by law or and/or provided for by contract) shall be paid on proper withdrawal demand. Such demand must be made by at least one of the Trustees. The Credit Union has no obligation to follow the application of funds withdrawn from the account.

Appears in 2 contracts

Samples: Membership and Account Agreement, Membership and Account Agreement

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Control of Trust Accounts. All sums paid to the Credit Union on savings or deposits (less setoff allowed by law or and/or provided for by contract) shall be paid on proper withdrawal with- drawal demand. Such demand must be made by at least one of the Trustees. The Credit Union has no obligation to follow the application of funds withdrawn from the account.

Appears in 1 contract

Samples: Membership and Account Agreement

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