Designation of Signers. The owner and/or a representative may designate a person or persons to be a signer on the account who will be authorized to conduct transactions on the account. We will require you and your signer(s) to provide information about the signer(s) and will also require each signer to sign Part 1 of this Contract (the account form). A signer only has the right to conduct transactions on the account, and cannot initiate, change, add, close or terminate an account or service. If you want to add a person to your account who can initiate, change, add, close and/or terminate an account or service, you may add the person as a representative on the account. If you request us to place a signer on an account who has not signed the Part 1 account form (or other form we use), you agree that person is a signer on the account who may conduct transactions according to this Contract. Once you have designated a signer on your account, it is your sole responsibility and not our responsibility to monitor a signer’s transactions on the account, and you agree that we have no duty or responsibility to monitor, inquire about or notify you of the use and purpose of any transaction conducted by your signer on the account, or assure that any transaction is for your benefit. The signer’s authority to conduct transactions will continue until we receive written notice that you have terminated the signer’s au- thority and have a reasonable opportunity to act on that notice. The owner and any representative may remove a signer from an account, though if you wish to terminate a signer’s authority to conduct transactions on the account, you must notify us in writing and change Part 1 of this Contract, or close the account. We have no duty to prevent a signer from conducting transactions on the account until you have made this change or closed the account.
