Common use of Multiple Party Accounts Clause in Contracts

Multiple Party Accounts. If an Account is opened by two or more Owners, or if one or more Owners are added to a Single Party Account after the Account is opened, the Account will be a Multiple Party Account. A Multiple Party Account and all

Multiple Party Accounts. If an Account account is opened by two or more Owners, or if one or more Owners are added to a Single Party Account after the Account is openedparties, the Account account will be a Multiple Party Accountmultiple party account with each party owning the account in equal undivided interest. A Multiple Party Account and allWe may require a new application whenever the ownership of an account changes.