Common use of Death of Account Owner Clause in Contracts

Death of Account Owner. The Credit Union may require the survivor or other claimant to the account to produce certain documents before releasing the funds in the account. The Credit Union may continue to honor all transfers, withdrawals, deposits and other transactions on the account until the Credit Union learns of an account owner’s death. Once the Credit Union learns of an owner’s death, we may pay checks or honor other payments or transfer orders authorized by the deceased owner for a period of ten (10) days unless we receive instructions from any person authorized to stop payment on the checks or other items. You agree that the Credit Union can require anyone who claims funds in your account after your death to indemnify us for any losses resulting from honoring that claim.

Appears in 4 contracts

Samples: Account Agreement, Account Agreement, Account Agreement

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Death of Account Owner. The Credit Union may require the survivor or other claimant to the account to produce certain documents before releasing the funds in the account. The Credit Union may continue to honor all transfers, withdrawals, deposits deposits, and other transactions on the account until the Credit Union learns of an account owner’s death. Once the Credit Union learns of an ownera member’s death, we the Credit Union may pay checks or honor other payments or transfer orders authorized by the deceased owner member for a period of ten (10) 10 days unless we receive the Credit Union receives instructions from any person authorized claiming an interest in the account to stop payment on the checks or other items. You agree that the Credit Union can require that anyone who claims funds in your account after your death to indemnify us the Credit Union for any losses resulting from honoring that claim.

Appears in 3 contracts

Samples: Membership and Account Agreement, Membership and Account Agreement, Membership and Account Agreement

Death of Account Owner. The Credit Union may require the survivor or other claimant to the account to produce certain documents before releasing the funds in the account. The Credit Union may continue to honor all transfers, withdrawals, deposits and other transactions on the account until the Credit Union learns of an account owner’s death. Once the Credit Union learns of an ownera member’s death, we the Credit Union may pay checks or honor other payments or transfer orders authorized by the deceased owner member for a period of ten (10) days unless we receive the Credit Union receives instructions from any person authorized to stop payment on claiming an interest in the checks or other itemsaccount. You agree that the The Credit Union can require that anyone who claims funds in your account after your death to indemnify us the Credit Union for any losses resulting from honoring that claim.

Appears in 2 contracts

Samples: Account Agreement, Account Agreement

Death of Account Owner. The Credit Union may require the survivor or other claimant to the account to produce certain documents before releasing the funds in the account. The Credit Union may continue to honor all transfers, withdrawals, deposits deposits, and other transactions on the account until the Credit Union learns of an account owner’s 's death. Once the Credit Union learns of an owner’s a member's death, we the Credit Union may pay checks or honor other payments or transfer orders authorized by the deceased owner member for a period of ten (10) days unless we receive the Credit Union receives instructions from any person authorized claiming an interest in the account to stop payment on the checks or and other items. You agree that the Credit Union can require anyone who claims funds in your account after your death to indemnify us the Credit Union for any losses resulting from honoring that a claim. This Agreement will be binding upon any heirs or legal representatives of any account owner.

Appears in 2 contracts

Samples: www.webidiz.net, www.webidiz.net

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Death of Account Owner. The Credit Union may require the survivor or other claimant to the account to produce certain documents before releasing the funds in the account. The Credit Union may continue to honor all transfers, withdrawals, deposits and other transactions on the account until the Credit Union learns of an account owner’s death. Once the Credit Union learns we learn of an ownera member’s death, we may pay checks or honor other payments or transfer orders authorized by the deceased owner member for a period of ten (10) days unless we receive the Trailhead receives instructions from any person authorized claiming an interest in the account to stop payment on the checks or other items. You agree that the Credit Union can require that anyone who claims funds in your account after your death to indemnify us the Credit Union for any losses resulting from honoring that claim.

Appears in 1 contract

Samples: Membership and Account Agreement

Death of Account Owner. The Upon the death of an account owner, the Credit Union may require that the survivor or other claimant to the account to produce certain documents before releasing the funds in the account. The Credit Union may continue to honor all transfers, withdrawals, deposits and other transactions on the account until the Credit Union learns of an account owner’s death. Once After the date of death, the Credit Union learns of an owner’s death, we may pay checks or honor other payments or transfer orders authorized by the deceased owner member for a period of ten (10) 10 days unless we receive the Credit Union receives instructions from any person authorized claiming an interest in the account to stop payment on the checks or other items. You agree that the Credit Union can require anyone who claims funds in your account after your death to indemnify us the Credit Union for any losses resulting from honoring that claim.

Appears in 1 contract

Samples: Agreement

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