Common use of Death or Incompetence Clause in Contracts

Death or Incompetence. Neither the death of an account owner nor a legal adjudication of incompetency revokes our authority to accept, pay or collect items until we know of the death or adjudication of incompetency and have a reasonable opportunity to act on that information. Even with knowledge, we may, for ten (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 the death of an account owner nor a legal adjudication of incompetency incompetence of you or an authorized user revokes our authority to accept, pay pay, or collect items until we know of the fact of death or of an adjudication of incompetency incompetence and have a reasonable opportunity to act on that informationit. Even with knowledge, we may, for ten (10) days after the date of death, pay checks drawn transactions on or before the date of death unless ordered to stop payment by you or a person claiming an interest in the account.