Common use of Transferring Ownership Clause in Contracts

Transferring Ownership. Your account is non-transferable and non-negotiable. Ownership of your account is transferable only on our records with our consent. You may not grant, transfer or assign any of your rights to your account without our written consent. Even if we consent, we may require that you close the account and that the new account owner open a new account in the new account owner’s name. We may refuse to acknowledge or accept your attempted pledge or assignment of your account or any interest in it, including a notice of security interest.

Appears in 4 contracts

Samples: Commercial Deposit Agreement, Commercial Deposit Agreement, Commercial Deposit Agreement

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