Credit Union Multiple Party Accounts Act Clause Samples

Credit Union Multiple Party Accounts Act. Except as modified in this Agreement, joint accounts shall be subject to and governed by PA 41 of the Public Acts of 1968 (Michigan), as amended, being M.C.L. 490.51 et seq., and commonly known as the Credit Union Multiple-Party Accounts Act. An account owned by a person that is not a natural person (that is, an account owned by a corporation or other legal entity or by a trust) may not have joint owners. We may require any account established by a minor to be a joint account with an owner who has reached the age of majority under state law and who shall, to the extent permitted by state law, be jointly and severally liable to us for any returned item, overdraft, or unpaid charges or amounts on such account. We may pay funds directly to the minor without regard to his or her minority. Unless a guardian or parent is an account owner, the guardian or parent shall not have any account access rights. We have no duty to inquire about the use or purpose of any transactions. We will not change the account status when the minor reaches the age of majority, unless authorized in writing by all account owners.
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Related to Credit Union Multiple Party Accounts Act

  • Credit Union Deductions The Employer agrees to honor Credit Union deduction requests for members who have properly signed and executed the payroll deduction form. Such deduction shall remain in effect until the Employer is properly notified in writing by the employee of any change.

  • OFFSET CREDIT/COOPERATION This Contract has been entered into in direct support of LOCKHEED ▇▇▇▇▇▇'▇ international offset programs. All offset benefit credits resulting from this Contract are the sole property of LOCKHEED ▇▇▇▇▇▇ to be applied to the offset program of its choice. SELLER shall assist LOCKHEED ▇▇▇▇▇▇ in securing appropriate offset credits from the respective country government authorities.

  • Credit Union The employer agrees to deduct authorized credit union deductions from each pay and to remit such to one (1) of the two (2) recognized credit unions within one (1) week of the date of the deduction.

  • Credit Union Liability If we do not properly complete a transaction according to this Agreement, we will be liable for your losses or damages not to exceed the amount of the transaction, except as otherwise provided by law. We will not be liable if: (1) your account contains insufficient funds for the transaction; (2) circumstances beyond our control prevent the transaction; (3) your loss is caused by your or another financial institution's negligence; or (4) your account funds are subject to legal process or other claim. We will not be liable for consequential damages, except liability for wrongful dishonor. We exercise ordinary care if our actions or nonactions are consistent with applicable state law, Federal Reserve regulations and operating letters, clearinghouse rules, and general financial institution practices followed in the area we serve. You grant us the right, in making payments of deposited funds, to rely exclusively on the form of the account and the terms of this Agreement. Any conflict regarding what you and our employees say or write will be resolved by reference to this Agreement.

  • Administrative Civil Liability ▇▇▇▇▇▇▇▇ 66 hereby agrees to the imposition of an administrative civil liability totaling $109,000 to resolve the alleged violations as set forth in Section II as follows: a. No later than 30 days after the Regional Water Board, or its delegate, signs this Stipulated Order, ▇▇▇▇▇▇▇▇ 66 shall submit a check for $54,500 made payable to the “State Water Pollution Cleanup and Abatement Account,” reference the Order number on page one of this Stipulated Order, and mail the check to: State Water Resources Control Board Accounting Office Attn: ACL Payment P.O. Box 1888 Sacramento, CA 95812-1888 ▇▇▇▇▇▇▇▇ 66 shall e-mail a copy of the check to the State Water Resources Control Board Office of Enforcement (▇▇▇▇.▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇.▇▇.▇▇▇) and the Regional Water Board (▇▇▇▇▇.▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇.▇▇.▇▇▇). ▇. ▇▇▇▇▇▇▇▇ 66 agrees that $54,500 of the administrative liability shall be paid to the Regional Monitoring Program, care of the San Francisco Estuary Institute, for implementation of a Supplemental Environmental Project (SEP), the North Bay Selenium Synthesis Study, as follows: i. $54,500 (SEP Amount) shall be paid solely for use toward the North Bay Selenium Synthesis Study. Funding this project will perform an information synthesis to support development of a selenium monitoring program for the North Bay. A complete description of this project is provided in Exhibit C, incorporated herein by reference. ii. No later than 30 days after the Regional Water Board, or its delegate, signs this Stipulated Order, ▇▇▇▇▇▇▇▇ 66 shall submit a check for $54,500 made payable to the “Regional Monitoring Program,” reference the Order number on page one of this Stipulated Order, and mail the check to: Regional Monitoring Program c/o San Francisco Estuary Institute ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Richmond, CA 94804 A copy of the check shall be sent to the Office of Enforcement and the Regional Water Board at the e-mail addresses set forth above.