Joint Account with Right of Survivorship. A personal (consumer) account opened by two or more persons is treated as a "joint account" and we will treat the persons opening such an account as joint tenants with right of survivorship and not as tenants in common or tenants by the entirety. Upon the death of a joint tenant, the surviving owner has the right to all of the funds in the account, subject to our right of setoff and security interest in the account. If more than one joint tenant survives, they will own the account as joint tenants with right of survivorship and not as tenants in common. We may remove a deceased owner from a joint account upon proof of the owner’s death. Each owner of a joint account has complete control over all funds in the account may withdraw or transfer by any means we make available any or all of the funds on deposit. Any joint owner may also close the account or enter into special agreements regarding the account. We may act on the instructions of any joint owner without the authorization of any other joint owner. Each joint owner guarantees the signatures of the other joint owners and authorizes the others to endorse for deposit any check, draft or other payment order made payable to the owners jointly, subject to the Bank’s further approval. Each joint owner also authorizes us to exercise our rights to setoff and enforce our security interest in the entire joint account, even if only one of the joint owners is the debtor; these rights exist irrespective of who contributed funds to the joint account. Similarly, we can enforce overdraft or other liability in the joint account against any joint owner individually, and each joint account owner agrees to be liable for all overdraft liability in the joint account, even if the joint owner did not sign or otherwise authorize the item creating the overdraft or receive any benefits from its proceeds. Garnishments against any one or more than one of the joint owners are subject to our right of setoff and security interest. Notice that we give to any one joint owner is notice to all joint owners.
Joint Account with Right of Survivorship. In the names of two persons (account holders), the first name on the account form is the partner who has the right to vote and each of whom has the right to withdraw funds without the signature of the other. Upon the death of either account holder, the account will convert to an individual account solely in the survivor’s name.
Joint Account with Right of Survivorship. An account with two or more account holders is a joint account. Ownership of the account cannot be changed by will.
Joint Account with Right of Survivorship. (Not applicable to residents of Quebec) If each joint Account holder is not a resident of Quebec or unless the joint Account holder notifies the Firm otherwise, the joint Account will be held by the joint Account holders jointly with right of survivorship and not as tenants-in-common. In the event of the death of any of either of the joint Account holders, the entire beneficial interest in the joint Account shall vest in the surviving joint Account holders on the same terms and conditions as held. The death of one of the joint Account holders will in no way affect the right of the surviving joint Account holders to withdraw all monies and to take delivery of all securities held in the joint Account, subject to compliance with all applicable laws relating to succession duties and estate and inheritance taxes.
Joint Account with Right of Survivorship. At the time of death of a Joint Account owner, ownership of the funds passes to surviving Account owner(s). In the event that the deceased Account owner is the “primary” owner as noted in the Account opening documents, the surviving owner(s) may be required to close and re-open the Account designating a new “primary” owner.
Joint Account with Right of Survivorship. An account opened in the names of two or more people. If applicable, any one of them may make withdrawals without the authorization of the other(s). Upon the death of one Account Owner, all sums in the account on the date of death vest in and belong to the surviving party(ies) as his/her/their separate property and estate, and all funds in the account may be paid to any of the survivors.
Joint Account with Right of Survivorship. If an account is opened by two or more parties, the account will be a joint or multiple party account with right of survivorship. All funds deposited into that account, including any earnings thereon, shall be owned by you jointly, along with all others who sign the Application, with right of survivorship. On the death of one party to a joint account, all sums in the account on the date of the death vest in and belong to the surviving party(s). Payment to any owner shall be valid and discharge the Credit Union from any and all liability for such payments. The Credit Union may accept instructions from any joint owner or act at the request of any joint owner with regard to any such account without the consent of any other owner, and each joint owner authorizes the other to act on his or her behalf with respect to the account. Any joint owner may pledge all of the shares in the account to secure any indebtedness owing to the Credit Union or may designate the account to provide overdraft protection for any other account, without the consent of any other joint owner and without regard to his or her interest in the account.
Joint Account with Right of Survivorship. An account which is noted as a joint account with right of survivorship on the death of one party to a joint account, all sums in the account on the death vest in and belong to the surviving party(ies) as his or her separate property and estate. In the event this account is designated as a joint account without right of survivorship and we receive written notice of death of any person named in the account, we may freeze the account until we have received satisfactory evidence as to the disposition of the account.
Joint Account with Right of Survivorship. (Not applicable to residents of Quebec) If each Joint Account Holder is not a resident of Quebec or unless the Joint Account Holder notifies ShareOwner otherwise, the Joint Account will be held by the Joint Account Holders jointly with right of survivorship and not as tenants-in-common. Subject to Section 19, in the event of the death of any of either of the Joint Account Holders, the entire beneficial interest in the Joint Account shall vest in the surviving Joint Account Holders on the same terms and conditions as held. The death of one of the Joint Account Holder will in no way affect the right of the surviving Joint Account Holders to withdraw all monies and to take delivery of all securities held in the Joint Account, subject to compliance with all applicable laws relating to succession duties and estate and inheritance taxes.
Joint Account with Right of Survivorship. A Joint Account with Right of Survivorship is an Account owned by two or more Individuals, commonly called co-owners or joint owners where each Owner has full and equal access tothe Account, including withdrawals. Each Owner is responsible for all activity in the Account including Overdrafts. Please refer to our Overdraft Items section for additional information. Toadd additional Owners on the Account, all documentation must be completed as required by Atmos. Toremove an Owner from an Account, the existing Account must be closed. AnyJoint Owner mayclose the Account. Refer to the Death or Incompetence of an Account Owner section should an Owner become deceased.
