Bank Deposits: Trust Deposits, Alternate Deposits, Joint Deposits : a Full Statement of the General Principles of Law Governing These Forms of Deposits. Digests of All Cases Involving Such Deposits which Have Been Decided by the Courts of the Different States. Complete Text of the Statutes Regulating These Deposits, which Have Been Enacted in Twenty-seven StatesBanking Law Journal, 1911 - 319 pages |
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Page 41
... survivor . " At the same time she signed a paper authorizing the bank to make the change , and stating that she and her grandson would be copartners in the ownership of the money , and that either or the survivor might draw . The ...
... survivor . " At the same time she signed a paper authorizing the bank to make the change , and stating that she and her grandson would be copartners in the ownership of the money , and that either or the survivor might draw . The ...
Page 42
... survivor , " the depositor created a trust in favor of himself and his son during their joint lives and that , upon the death of one , the balance then on deposit should go to the survivor . It was here held that the bank was the ...
... survivor , " the depositor created a trust in favor of himself and his son during their joint lives and that , upon the death of one , the balance then on deposit should go to the survivor . It was here held that the bank was the ...
Page 44
... survivor or survivors , and the heirs of the deceased joint tenant do not take any interest or share in the estate . Deposits in two names have occasionally been given effect as creating an estate in joint tenancy . In the case of Mack ...
... survivor or survivors , and the heirs of the deceased joint tenant do not take any interest or share in the estate . Deposits in two names have occasionally been given effect as creating an estate in joint tenancy . In the case of Mack ...
Page 45
... survivor should be entitled to the whole . In the opinion it was said " where the deposit is in joint names and the intent appears to create the joint tenancy , its effect is to vest title to the whole fund in the survivor , and under ...
... survivor should be entitled to the whole . In the opinion it was said " where the deposit is in joint names and the intent appears to create the joint tenancy , its effect is to vest title to the whole fund in the survivor , and under ...
Page 46
... paid to either or the survivor , the deposit and any additions by either shall become the property of both as joint tenants , and 80. See sections 11 and 28 . may be paid to either during the lifetime of both 46 BANK DEPOSITS.
... paid to either or the survivor , the deposit and any additions by either shall become the property of both as joint tenants , and 80. See sections 11 and 28 . may be paid to either during the lifetime of both 46 BANK DEPOSITS.
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Bank Deposits: Trust Deposits Alternate Deposits Joint Deposits; A Full ... John Edson Brady No preview available - 2017 |
Common terms and phrases
A's death account was opened administrator Aff'd Alternate Deposits amount Ann Coyle bank book beneficiary Bowery Savings Bank causa mortis claimant claimed court create a trust daughter deceased delivered delivery Denigan deposit book deposited money depositor died donor draw the money drew Ellen entitled entry evidence executor existence and terms fact father fund gift causa mortis gift inter vivos held husband and wife Institution for Savings irrevocable trust James Burton Joint and Alternate joint owners joint tenancy lifetime Mary Misc money belonged N. E. Rep N. J. Eq N. Y. App N. Y. Supp niece opened an account parties pass book payable payment perfected gift person in trust plaintiff positor retained the pass Savings Institution statute survivor tentative trust testamentary thereof transaction transfer trust account trust company Trust Deposits trust in favor valid gift valid trust vest William
Popular passages
Page 208 - A deposit by one person of his own money, in his own name as trustee for another, standing alone, does not establish an irrevocable trust during the lifetime of the depositor. It is a tentative trust merely, revocable at will, until the depositor dies or completes the gift in his lifetime by some unequivocal act or declaration such as delivery of the passbook or notice to the beneficiary.
Page 295 - And whenever any deposit shall be made by any person in trust for another, and no other or further notice of the existence and terms of a legal and valid trust shall have been given in writing to the bank, in the event of the death of the trustee, the same, or any part thereof, together with the dividends or interest thereon, may be paid to the person for whom the said deposit was made.
Page 302 - State in the names of two persons, payable to either, or payable to either or the survivor, such deposit, or any part thereof, or any interest or dividend thereon, may be paid to either of said persons, whether the other be living or not; and the receipt or acquittance of the person so paid shall be a valid and sufficient release and discharge to the bank for any payment so made.
Page 112 - If it is intended to take effect by transfer, the court will not hold the intended transfer to operate as a declaration of trust,* for then every imperfect instrument would be made effectual by being converted into a perfect trust.
Page 288 - When a deposit has been made or shall hereafter be made, in any bank or trust company transacting business in this State in the names of two or more persons, payable to either, or payable to either or the survivor, such deposit, or any part thereof, or any interest or dividend thereon, may be paid to either of said persons...
Page 291 - ... and may be paid to either during the lifetime of both or to the survivor after the death of one of them...
Page 296 - When a deposit shall be made by any person in the names of such depositor and another person and in form to be paid to either or the survivor of them...
Page 26 - In case the depositor dies before the beneficiary without revocation or some decisive act or declaration of disaffirmance, the presumption arises that an absolute trust was created as to the balance on hand at the death of the depositor.
Page 291 - ... during the lifetime of both or to the survivor after the death of one of them, and such payment and the receipt or acquittance of the one to whom such payment is made shall be a valid and sufficient release and discharge to...
Page 180 - The doctrine laid down by this court in the previous cases amounts to this, that the act of a depositor in opening an account in a savings bank in trust for a third party...