Common use of Joint or Multiple Party Account with Right of Survivorship Clause in Contracts

Joint or Multiple Party Account with Right of Survivorship. If an Account is opened by two or more Parties, or if one or more Parties are added to a Single Party Account after the Account is opened, the Account will be a Joint or Multiple Party Account with Right of Survivorship. The Owners of the Account own the Account in equal undivided interests. All funds deposited into any such Account, including any earnings thereon, shall be owned by the Owners jointly with right of survivorship. You understand that a survivorship designation may be ineffective unless signed by all Owners of the Account.

Appears in 4 contracts

Sources: Membership & Account Agreement, Membership & Account Agreement, Membership & Account Agreement

Joint or Multiple Party Account with Right of Survivorship. If an Account is opened by two or more Parties, or if one or more Parties are added to a Single Party Account after the Account is opened, the Account will be a Joint or Multiple Party Account with Right of Survivorship. The Owners of the Account own the Account in equal undivided interestsproportion to the Owners’ net contributions to the Account. All funds deposited into any such Account, including any earnings thereon, shall be owned by the Owners jointly with right of survivorshipsurvivor- ship. You understand that a survivorship designation may be ineffective unless signed by all Owners of the Account.

Appears in 1 contract

Sources: Membership and Account Agreement

Joint or Multiple Party Account with Right of Survivorship. If an Account is opened by two or more PartiesOwners, or if one or more Parties Owners are added to a Single Party Account after the Account is opened, the Account will be a Joint or Multiple Party Account with Right of Survivorship. The Owners of the Account own the Account in equal undivided interests. All funds deposited into any such Account, including any earnings thereon, shall be owned by the Owners Primary Member jointly with right of survivorship. You understand that a survivorship designation may be ineffective unless all other Owners who have signed by all Owners of the Account.the

Appears in 1 contract

Sources: Membership and Account Agreement

Joint or Multiple Party Account with Right of Survivorship. If an Account is opened by two or more Partiesparties, or if one or more Parties parties are added to a Single Party Account after the Account is openedsingle party Account, the Account will be a Joint or Multiple Party Account with Right of Survivorship. The Owners of the Account own the Account in equal undivided interests. All funds deposited into any such Account, including any earnings thereon, shall be owned by the Owners jointly with right of survivorship. You understand that a survivorship designation may be ineffective unless signed by all Owners of parties to the Account.

Appears in 1 contract

Sources: Universal Account Agreement