Case Name: AVANT v. AUSTIN, Banking Com'r, et al.
Court: Supreme Court of Texas
Jurisdiction: Texas
Decision Date: 1926-01-06
Citations: 278 S.W. 1101
Docket Number: No. 14383
Parties: AVANT v. AUSTIN, Banking Com’r, et al.
Judges: 
Reporter: South Western Reporter
Volume: 278
Pages: 1101–1101

Head Matter:
AVANT v. AUSTIN, Banking Com’r, et al.
(No. 14383.)
(Supreme Court of Texas.
Jan. 6, 1926.)
H. G. Russell and J. E. Starley, both of Pecos, for applicant.

Opinion:
PER CURIAM.
The deposit in this case in its inception was an interest-bearing deposit, and while by the expiration of time it may have ceased to bear interest for' such additional time as the money was left in the bank, yet the interest agreed upon for the specified time was compensation for such time as the money was left in the bank under the contract. The character of- the contract was never changed. The'certificate was not subsequent to the time it ceased to bear interest presented to the bank and a new deposit contract created. It is clear therefore that the deposit was not a noninterest-bear-ing deposit. The writ of error is accordingly refused.