Liability of Owner. Liability with respect to joint accounts shall be joint and several and each owner shall be fully liable for any amounts due BB&T Securities under this Account Agreement. You further agree that in the event of the death of either or any party to the Joint Account, the survivor(s) shall immediately provide BB&T Securities written notice thereof, and BB&T Securities may, before or after receiving notice, institute proceedings, require certain documents and inheritance or estate tax waivers, retain such portion of and/or restrict transactions in the Joint Account as BB&T Securities may deem advisable to protect itself against any tax liability, penalty or loss under any present or future laws or otherwise. The estate of any party to the Joint Account who died shall be liable, and each survivor shall continue to be liable jointly and severally, to BB&T Securities for any debit balance or loss in said account.
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Sources: Account Agreement, Account Agreement, Account Agreement