Common use of Multiple-Party Account Without Right of Survivorship Clause in Contracts

Multiple-Party Account Without Right of Survivorship. If this is the type of Account you have with us, then you own the Account in proportion to your net contributions to the Account. Frost Bank may pay any sum in the Account to a Party, including a Party’s Power of Attorney or agent, at any time. On your death, your ownership passes as a part of your estate under your will or by intestacy.

Appears in 2 contracts

Sources: Deposit Account Agreement, Deposit Account Agreement