Common use of Inactive or Dormant Accounts Clause in Contracts

Inactive or Dormant Accounts. The Cooperative will classify as the Account Statement or any other notice or mail in case the change in inactive an account that in a period of one (1) year has been dormant. All address has not been informed. accounts that for a period of five (5) years or more with no transaction will be considered unclaimed and shall be disposed according to the Cooperatives Regulation.

Appears in 2 contracts

Sources: Shareholder Agreement, Shareholder Account Agreement