(Download) "Jackson Savings and Loan Association V." by St. Louis District Missouri Court of Appeals " eBook PDF Kindle ePub Free
eBook details
- Title: Jackson Savings and Loan Association V.
- Author : St. Louis District Missouri Court of Appeals
- Release Date : January 21, 1965
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 64 KB
Description
This case began as an equitable action in interpleader over a savings and loan account of $3,269.48. Plaintiff paid the money into court and was discharged. A family fight ensued. Appellant and respondent each claimed to be the surviving joint tenant of the deceased co-depositor. Respondent Lucy Seabaugh prevailed and this appeal followed. The issue: Are the parties' rights to the deposit, as between themselves, to be determined by formal requirements governing the method of transferring such accounts? The fund now in dispute began when M. W. Seabaugh, now deceased, deposited $1,500 of his own funds with the plaintiff savings and loan association. Soon after, M. W. Seabaugh added more of his funds. There have been no withdrawals, and dividends accumulated. The respondent Lucy Seabaugh, was a daughter-in-law, and the appellant Everett L. Seabaugh was one of the children of M. W. Seabaugh. When M. W. Seabaugh opened the account in 1954, at his direction the plaintiff issued its savings certificate No. 3149 to ""M. W. Seabaugh or Lucy Seabaugh."" This was without her knowledge. In 1956 the account was changed to read ""M. W. Seabaugh or Evert L. Seabaugh."" In 1958 the account was again changed by adding the words ""as Joint Tenants with right of survivorship and not as Tenants in Common."" The details of these changes and other pertinent facts will be given later.