Common use of Joint Account with Right of Survivorship Clause in Contracts

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. (Not applicable to residents of Quebec) If each joint Account account holder is not a resident of Quebec or unless the joint Account account holder notifies the Firm otherwise, the joint Account account will be held by the joint Account account holders jointly with right of survivorship and not as tenants-in-in- common. In the event of the death of any of either of the joint Account account holders, the entire beneficial interest in the joint Account account shall vest in the surviving joint Account account holders on the same terms and conditions as held. The death of one of the joint Account account holders will in no way affect the right of the surviving joint Account account holders to withdraw all monies and to take delivery of all securities held in the joint Accountaccount, subject to compliance with all applicable laws relating to succession duties and estate and inheritance taxes.