Common use of Information Storage Clause in Contracts

Information Storage. All information relating to the Account shall be maintained and stored by the Bank in such form and by means of such devices as are generally accepted in the banking industry and authorized by law. Subject to the provisions of this Agreement relating to the verification of the Account, the records of the Bank are prima facie evidence of the state of accounts between the parties for all purposes including litigation. The Bank may use the services of

Appears in 2 contracts

Sources: Operation of Account Agreement, Operation of Account Agreement