Designate a single account holder for non-accrual checks on joint or undivided accounts (Document Template)
To be sent to your bank with acknowledgement.
Enter [first and last name, address and attached account number] .
To [place] , [date]
Subject: Designation of a manager in case of payment incident
We are co-owners of the attached account referenced above.
Please note that, by mutual agreement and as permitted by Article L131-80 of the Monetary and Financial Code, we decide to designate one of us, that is [name and first name of (designated person)] as the sole liability in the event of the issuance of a bad check in our joint account.
[Name] will now be the only person prohibited from issuing checks on all accounts should such an incident occur.
[Signature of each joint account holder]
Verified 06 January 2022 - Legal and Administrative Information Directorate (Prime Minister)