DISPUTED OWNERSHIP Sample Clauses
DISPUTED OWNERSHIP. If the ownership or signing authority on an Account is in dispute for any reason, including but not limited to conflicts between Account owners or a lost or destroyed signature card, the Bank reserves the right to take action, including, but not limited to, instituting legal proceedings; freezing or placing a Hold on the Account until such time as the dispute is resolved to our satisfaction; continuing to rely on our current signature cards and/or Account ownership information in our records; or honoring the competing claim upon receipt of evidence we deem satisfactory in our sole discretion. The Bank will not be liable for actions taken pursuant to this paragraph or for any costs or fees you may incur due to any delay.
DISPUTED OWNERSHIP. If a dispute arises over control of or access to your account, or if we receive conflicting instructions from you (including any owner, joint account holder, and/or other authorized signer on your account), we may require, but are not obligated to require, the signatures of all account owners or authorized signers on items, withdrawals, or other transactions. We may also, but are not obligated to, “freeze” the account until we get evidence satisfactory to us that either the dispute is resolved or there is general agreement on payment of or access to the funds in the account. During the time that we require additional signatures or freeze the account, you authorize us to do one or more of the following:
DISPUTED OWNERSHIP. If a dispute arises over control of or access to your account, or if we receive conflicting instructions from you (including any owner, joint account holder, contracting officer and/or other authorized signer on your account), or in the case of a corporate or partnership or association/ LLC account, conflicting board resolutions or partnership authorizations or member instructions, we may require, but are not obligated to require, the signatures of all authorized signers or any or all owners, joint account holder or contracting officers, on items, withdrawals, or other transactions. We may also, but are not obligated to, “freeze” the account until we get evidence satisfactory to us that either the dispute is resolved or there is general agreement on payment of or access to the funds in the account. During the time that we require additional signatures or freeze the account, you authorize us to do one or more of the following:
DISPUTED OWNERSHIP. If a dispute arises over control of or access to your account, or if we receive conflicting instructions from you (including any owner, joint account holder, contracting officer and/or other authorized signer on your account), or in the case of a corporate or partnership or association/LLC account, conflicting board resolutions or partnership authorizations or member instructions, we may require, but are not obligated to require, the signatures of all authorized signers on items, withdrawals, or other transactions. We may also, but are not obligated to, “freeze” the account until we get evidence satisfactory to us that either the dispute is resolved or there is general agreement on payment of the funds in the account. During the time that we require additional signatures or freeze the account, you authorize us to do one or more of the following:
DISPUTED OWNERSHIP. If a dispute arises over control of or access to your account, or if we receive conflicting instructions from you, including any owner, authorized signer, or officer of the company, or in the case of conflicting corporate, board or partnership authorizations or instructions, we may require (but are not obligated to require) the signatures of all authorized signers on items, withdrawals or other transactions. We may also, but are not required to, freeze the account until we get evidence satisfactory to us that either the dispute is resolved or there is general agreement on payment of funds in the account. This section provides the terms and conditions which specifically relate to any transfer or receipt of funds that is governed by Article 4A of the Uniform Commercial Code. Fund transfers we permit will be subject to such provisions of the UCC as enacted by the State of Minnesota. Generally, these are wire transfers or transfers through an automated clearing house that are not otherwise governed by the Electronic Fund Transfer Act, but other types of transfers may be covered. These terms and conditions are in addition to, and not in the place of, any other agreement or agreements which you may have entered into with Wings regarding any such transfer or receipt of funds. In acting upon funds transfer instructions, most financial institutions rely solely on an identifying number or account number accompanying the payment order to identify the person who is to receive a payment or debit. This means that if you instruct Wings to make a payment to a person and you identify that person by both a name and an account number, payment may be made by the person’s financial institution on the basis of the identifying or financial institution account number, even if the number identifies a person different than the person named as the beneficiary in your instructions to us. Additionally, if your payment instructions to Wings identify a financial institution that is to participate in the funds transfer both by name and identifying number, any financial institution may rely on the identifying number as the proper identification of the financial institution that is to participate in the funds transfer, even if it identifies an institution different from the financial institution identified by name. Credit given by us to you with respect to an automated clearing house credit entry is provisional until we receive final settlement for such entry through a Federal Reserve Bank...
DISPUTED OWNERSHIP. If a dispute arises over control of or access to your account, or if we receive conflicting instructions from you, including any owner, authorized signer, or officer of the company, or in the case of conflicting corporate, board or partnership authorizations or instructions, we may require (but are not obligated to require) the signatures of all authorized signers on items, withdrawals or other transactions. We may also, but are not required to, freeze the account until we get evidence satisfactory to us that either the dispute is resolved or there is general agreement on payment of funds in the account. This section provides the terms and conditions which specifically relate to any transfer or receipt of funds that is governed by Article 4A of the Uniform Commercial Code. Fund transfers we permit will be subject to such provisions of the UCC as enacted by the State of Minnesota. Generally, these are wire transfers or transfers through an automated clearing house that are not otherwise governed by the Electronic Fund Transfer Act, but other types of transfers may be covered. These terms and conditions are in addition to, and not in the place of, any other agreement or agreements which you may have entered into with Wings regarding any such transfer or receipt of funds.