Joint or Multiple Party Account with Right of Survivorship. If an account, other than a CD, is opened by two or more parties, or if one or more parties are added to a Single Party Account after the account is opened, the account will be a Joint or Multiple Party Account with Right of Survivorship. All funds deposited into any such account, including any earnings thereon, shall be owned by the Parties jointly with all others who have signed the Application or other account authorization, with right of survivorship. A survivorship designation may be ineffective unless signed by all Parties to the account. On the death of a Party, all sums in the account on the date of the death vest in and belong to the surviving Party or Parties as their separate property and estate, subject to any lien we have for the deceased Party’s obligations to us, regardless of whether any of the surviving Parties have consented to our lien. The Parties to a Joint or Multiple Party Account with Right of Survivorship own the account in proportion to the Parties’ net contributions to the account. Payment of any sums to any Party shall be valid and discharge the Credit Union from any and all liability for such payment. The Credit Union may accept instructions from any Party or act at the request of any Party with regard to any such account without the consent of any other Party to the account. Each Party authorizes all other Parties to the account to act on his or her behalf with respect to the account and to endorse any instrument payable to him or her for deposit to any such account. Without the consent or joinder of any other Party and without regard to the interest in the account of any other Party, any Party to the account may (i) make deposits to or withdraw funds from the account, (ii) place stop payment orders with respect to any items drawn on the account by any Party to the account, (iii) pledge all of the shares and deposits in eligible accounts to secure any indebtedness owing to us, or (iv) designate an account to provide overdraft protection for any other account. In the event that any account may be accessed by means of an electronic fund transfer, including the use of a debit card issued in connection with the account or the use of any phone or Online or Mobile Banking access, each Party grants to every other Party actual authority to initiate any such transfer, to use any such debit card issued or to use any Personal Identification Number (“PIN”) issued in connection with any such card, phone or Online or Mobile Banking access. ...
Joint or Multiple Party Account with Right of Survivorship. An Account will be a Joint or Multiple Party Account with Right of Survivorship if you have so elected and indicated on the Application or if any such instrument otherwise represents that the Account is held jointly with right of survivorship. All funds deposited into any such Account, including any earnings thereon, shall be owned by the parties jointly with all others who have signed the Application or other Account authorization, with right of survivorship. A survivorship designation may be ineffective unless signed by all parties to the Account. On the death of a party, all sums in the Account on the date of the death vest in and belong to the surviving party or parties as their separate property and estate, subject to any lien we have for the deceased party’s obligations to us, regardless of whether any of the surviving parties have consented.
Joint or Multiple Party Account with Right of Survivorship. If an Account is opened by two or more parties, or if one or more parties are added to a single party Account, the Account will be a Joint or Multiple Party Account with Right of Survivorship. The parties to the Account own the Account as joint tenants by the entirety. All funds deposited into that Account, including any earnings thereon, shall be owned by you jointly, with all others who sign the Application, with right of survivorship. On the death of one party to such Account, all sums in the Account on the date of the death vest in and belong to the surviving party or parties as his or her separate property and estate. 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 Owner or act at the request of any Owner with regard to any such Account without the joinder of any other Owner. Each Owner authorizes the other Owners to act on his or her behalf with respect to the Account, and to endorse any instrument payable to him or her for deposit to any such Account. Any Owner may pledge all of the shares in the Account to secure any indebtedness owing to the Credit Union and may designate the Account to provide overdraft protection for any other Account, subject to Credit Union policies, without the joinder of any other Owner and without regard to his or her interest in the Account. In the event that any Account may be accessed by means of an Electronic Fund Transfer, including the use of a Visa® Debit Card issued in connection with the Account or any telephone or computer access program, each Owner grants to every other Owner actual authority to initiate any such transfer, to use any such Visa® Debit Card issued or to use any Personal Identification Number (PIN) issued in connection with any such telephone or computer access program. The Credit Union makes no representation concerning the legal consequences or the effect of survivorship rights, including any consequences arising out of the community property laws of any state, and you agree to hold us harmless from any loss or liability in connection with any survivorship designation. You understand that you should consult applicable law or your attorney if you have any question regarding the validity, effectiveness, or fitness of a survivorship designation for any purpose. A Member opening a Joint or Multiple Party Account with Right of Survivorship may, without notice to any other Owner of such Acc...
Joint or Multiple Party Account with Right of Survivorship. An Account will be a Joint or Multiple-Party Account with Right of Survivorship if the Owners have so elected and indicated on any Membership Application, Account Authorization or Signature Card, or if any such card otherwise represents that the Account is held jointly with right of survivorship. All funds deposited into any such Account, including any earnings thereon, shall be owned by the Primary Member jointly with all other Owners who have signed the Application, with right of survivorship. On the death of an Owner, all sums in the Account on the date of the death vest in and belong to the surviving Owner(s) as his or her (their) separate property and estate, subject to any lien we have for the deceased Owner’s obligations to us and regardless of whether any surviving Owners have consented to such lien.
Joint or Multiple Party Account with Right of Survivorship. If an Account is opened by two or more parties, or if one or more parties are added to a single party Account, the Account will be a Joint or Multiple Party Account with Right of Survivorship. The Credit Union makes no representation concerning the legal consequences or the effect of survivorship rights, including any consequences arising out of the community property laws of any state, and you agree to indemnify, defend, and hold the Credit Union harmless from any loss or liability in connection with any survivorship designation. You understand you should consult with your attorney if you have any questions regarding the validity, effectiveness, or fitness of a survivorship designation for any purpose. All of the parties affiliated with the Account own the Account in even proportion to the funds available including any earnings thereon in the Account. The Owners agree the Credit Union may pay funds in any Joint or Multiple Party Account with Right of Survivorship to or on the order of any Owner, regardless of whether any other Owners are incapacitated or deceased. Withdrawals by any Owner shall be valid and discharge the Credit Union from any and all liability. On the death of one Owner of such an Account, all sums in the Account on the date of the death belong to the surviving Owner(s). All Account sums on deposit on the date of death remain subject to any lien (right of offset) we have for the deceased Owner’s obligations to the Credit Union, regardless of whether any of the surviving parties have consented to any such lien. Except as otherwise permitted in this Agreement, the Credit Union may accept instructions from any Owner and act upon the request of any Owner without permission from any other Owner. At our option, we may require the consent of some or all Owners prior to taking any action in connection with an Account. Each Owner authorizes the other Owners to act on their behalf with respect to the Account, including without limitation, addding overdraft protection services, procuring a loan under the membership, and the placement of stop payment orders with respect to items drawn on the Account. Any Owner may pledge all of the shares in the Account to secure any indebtedness owed to the Credit Union or may designate the Account to provide overdraft protection for any other Account, subject to Credit Union policies, without approval of any other Owner and without regard to their interest in the Account. In the event any Account may be accessed by...
Joint or Multiple Party Account with Right of Survivorship. If an Account is opened by two or more parties, or if one or more parties are added to a single party Account, the Account will be a Joint or Multiple Party Account with Right of Survivorship.
