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Certificate of Deposit for Multi-Party Accounts

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Question: 
For Certificates of Deposit that are multi-party accounts, are we required to get the original signature of all parties at the onset of the account? Or is this a best practice consideration? I'm not concerned w/ the closing of the account, only at opening.
Answer: 

A certificate of deposit represents a contract with the depositors. How can you have a contract without a signature?

First published on 04/06/2015

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