Common use of Death or Incapacitation Clause in Contracts

Death or Incapacitation. You or your appointed party, designee, or appointed individual agree to notify Bank promptly if you become legally incapacitated, are deemed incompetent, or die. Bank will continue to accept deposits and process transaction instructions into and from your Account until Bank: (i) is notified of your death or adjudication of incompetency and (ii) has a reasonable opportunity to act. You agree that, even if Bank has knowledge of your death it may pay or process transactions on your Account on or before the date of death for up to ten (10) days after that date unless ordered to stop payment by someone claiming interest in the Account. Bank may require additional documentation to confirm any claims made on the Account.

Appears in 4 contracts

Samples: Deposit Account Agreement, Deposit Account Agreement, Deposit Account Agreement

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Death or Incapacitation. You or your appointed party, designee, or appointed individual agree to notify Bank promptly if you become legally incapacitated, are deemed incompetent, or die. Bank will continue to accept deposits and process transaction instructions into and from your the Goal Account until BankBank is: (ia) is notified of your death or adjudication of incompetency and (iib) has a reasonable opportunity to act. You agree that, even if Bank has knowledge of your death it Bank may pay or process transactions on your involving the Goal Account on or before the date of death for up to ten (10) days after that date unless ordered to stop payment by someone claiming interest in the Goal Account. Bank may require additional documentation to confirm any claims made on the Goal Account.

Appears in 2 contracts

Samples: Savings Goals Account Agreement, Savings Goals Account Agreement

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Death or Incapacitation. You or your appointed party, designee, or appointed individual agree to notify Bank promptly if you become legally incapacitated, are deemed incompetent, or die. Bank will continue to accept deposits and process transaction instructions into and from your Account until Bank: (i) is notified of your death or adjudication of incompetency and (ii) has have a reasonable opportunity to act. You agree that, even if Bank has knowledge of your death it may pay or process transactions on your Account on or before the date of death for up to ten (10) days after that date unless ordered to stop payment by someone claiming interest in the Account. Bank may require additional documentation to confirm any claims made on the Account.

Appears in 1 contract

Samples: documents.starshiphsa.com

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