Common use of Multiple Signers Clause in Contracts

Multiple Signers. The mere acceptance by the Bank of a signature card, resolution or other authorization document of yours requiring two or more signatures to complete transactions or authorize items, standing alone, is not sufficient to bind the Bank to such a requirement, unless a law (such as a law governing fiduciaries) or a court order of which we have actual knowledge were to require otherwise. You agree that we will not be liable for paying an item that is lacking your required number of signatures if the item bears at least one authorized signature.