Limitation on Time to Bring Action. Unless otherwise required by law, an action or proceeding by you to enforce an obligation, duty or right arising under this agreement or by law with respect to your account or any account service must be commenced no later than one year after the day the cause of action accrues.
Limitation on Time to Bring Action. Unless otherwise required by law, an action or proceeding by you to enforce an obligation, duty or right arising under this Agreement or by law with respect to your account or any account service must be commenced no later than one year after the day the cause of action accrues, unless state law or an applicable agreement provides for a shorter time. If applicable state law does not permit contractual shortening of the time during which a lawsuit must be filed to a period as short as one year, you and we agree to the shortest permitted time under that state’s laws. This limit is in addition to limits on notice as a condition to making a claim as described in “Statements, Notices and Checks” below.
Limitation on Time to Bring Action. Section 6t (“Reporting Unauthorized Transactions and Errors”) of this Deposit Agreement describes your obligations to report unauthorized transactions and errors to us and the timeframes (not to exceed 30 days) for doing so. Failure to follow these timeframes may preclude you from later asserting against us that an unauthorized transaction or error occurred. Without limiting any other duties you may have, unless otherwise required by law, an action or proceeding by you to enforce an obligation, duty or right arising under the Agreement or by law with respect to your account or any account service must be commenced no later than one year after the day the cause of action accrues, unless a shorter time is provided in this Deposit Agreement or a Related Agreement. We abide by federal and applicable state record retention laws and may dispose of any records that have been retained or preserved for the period set forth in these laws. Any action against us must be brought within the period that the law requires us to preserve records, unless applicable law or this Deposit Agreement provides for a shorter limitations period.
Limitation on Time to Bring Action. Section 6t (“Reporting Unauthorized Transactions and Errors”) of this Deposit Agreement describes your obligations to report unauthorized transactions and errors to us and the timeframes (not to exceed 30 days) for doing so. Failure to follow these timeframes may preclude you from later asserting against us that an unauthorized transaction or error occurred. Without limiting any other duties you may have, unless otherwise required by law, an action or proceeding by you to enforce an obligation, duty or right arising under the Agreement or by law with respect to your account or any account service must be commenced no later than one year after the day the cause of action accrues, unless a shorter time is provided in this Deposit Agreement or a Related Agreement. We abide by federal and applicable state record retention laws and may dispose of any records that have been retained or preserved for the period set forth in these laws. Any action against us must be brought within the period that the law requires us to preserve records, unless applicable law or this Deposit Agreement provides for a shorter limitations period. Account Security – Protecting Your Account a. Authentication Procedures – You Are Responsible for Unauthorized Transfers or Payment Orders. SVB provides certain procedures, features and functionality (“Security Procedures”) that are provided through and as part of our Online Banking Services and other Deposit Services that are intended (1) to verify the authenticity of Electronic Communications from you to us; (2) to help secure and protect your account and data from misuse, fraud and theft; and to verify the authenticity of wire transfers and payment orders. These Security Procedures include but are not limited to process controls, technological controls and third-party applications, described in this Deposit Agreement or an applicable Related Agreement and in connection with our Online Banking Services (including manuals, agreements, disclosures and other documents made available to you through our Online Banking Services). You agree that the authenticity of wire transfers and payment orders issued to us in your name as sender will be verified pursuant to the Security Procedures. A wire transfer or payment order that is received by SVB is effective as an order issued by you and will be binding on you, whether or not authorized by you, if the payment order was accepted in good faith by us and in compliance with the Security Procedures. Refe...
