Court Opinion

ID: 6728195
Source: CourtListenerOpinion
Date Created: 2022-07-20 23:07:22.361103+00
Date Added: 2024-06-11T16:01:37.118689
License: Public Domain

ALLEN, J.
Where a person opens a savings account in a bank to the joint credit of himself and another, payable to either, and balance at death of either payable to survivor, the authority to remain in full force until receipt by the bank from the depositor of written notice of its revocation, and the record shows that the depositor intended to transfer to the person to whom he made the account jointly payable, a present joint interest equal to his own in the account, and the pass book has been left in the possession of the bank for withdrawals by either party on the joint account, a joint interest is created in the right of the depositor in the deposit, and the person to whom the deposit is made payable jointly with the depositor, upon the death of the depositor, without his having revoked the authority to draw, is entitled to the balance of the account.
Judgment reversed.