Common use of Death or Incompetence Clause in Contracts

Death or Incompetence. Neither a customer’s death nor a legal adjudication of incompetence revokes the Bank’s authority to accept, pay or collect items until the Bank knows of the fact of death or of an adjudication of incompetence and has a reasonable opportunity to act on it. Even with knowledge, the Bank may, for 10 days after the date of death, pay checks drawn on or before the date of death unless ordered to stop payment by a person claiming an interest in the account.

Death or Incompetence. Neither a customerDepositor’s death nor a legal adjudication of incompetence revokes the Bank’s authority to accept, pay pay, or collect items until the Bank knows is notified of the fact of death or of an adjudication of incompetence and has a reasonable opportunity to act on it. Even with knowledge, knowledge the Bank may, for 10 ten (10) days after the date of death, or adjudication of incompetence, pay checks drawn on or before the said date of death unless ordered to stop payment by a person claiming an interest in the account.

Death or Incompetence. Neither a customer’s death nor a legal adjudication of incompetence revokes the Bank’s authority to accept, pay or collect items until the Bank knows of the fact of death or of an adjudication of incompetence and has a reasonable opportunity to act on it. Even with knowledge, the knowledge Bank may, for 10 days after the date of death, pay checks drawn on or before the date of death unless ordered to stop payment by a person claiming an interest in the account.

Death or Incompetence. Neither a customerdepositor’s death nor a legal adjudication of incompetence revokes the Bank’s authority to accept, pay pay, or collect items until the Bank knows is notified of the fact of death or of an adjudication of incompetence and has a reasonable opportunity to act on it. Even with knowledge, knowledge the Bank may, for 10 ten (10) days after the date of death, or adjudication of incompetence, pay checks drawn on or before the said date of death unless ordered to stop payment by a person claiming an interest in the account.

Death or Incompetence. Neither a customer’s death nor a legal adjudication of incompetence revokes the Bank’s authority to accept, pay or collect items until the Bank knows of the fact of death or of an adjudication of incompetence and has a reasonable opportunity to act on it. Even with knowledge, knowledge the Bank may, for 10 ten (10) days after the date of death, pay checks drawn on or before the date of death death, unless ordered to stop payment by a person claiming an interest in the account.

Death or Incompetence. Neither a customer’s death nor a legal adjudication of incompetence revokes the Bank’s authority to accept, pay pay, or collect items until the Bank knows of the fact of death or of an adjudication of incompetence and has a reasonable opportunity to act on it. Even with knowledge, the Bank may, for 10 days after the date of death, pay checks drawn on or before the date of death unless ordered to stop payment by a person claiming an interest in the account.