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 |
From inside the book
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Page 46
... donee as any other joint tenant of personal property would be . The statute referred to was passed in 1907 and provides that when a deposit is made in a savings bank in the name of the depositor and another , in form to be paid to ...
... donee as any other joint tenant of personal property would be . The statute referred to was passed in 1907 and provides that when a deposit is made in a savings bank in the name of the depositor and another , in form to be paid to ...
Page 49
... donee , with the intent of transferring title to him , there is a valid gift , and the fact that the transfer is gratuitous , or without consideration , is immaterial . The donee gets a good title to the stock and the donor cannot ...
... donee , with the intent of transferring title to him , there is a valid gift , and the fact that the transfer is gratuitous , or without consideration , is immaterial . The donee gets a good title to the stock and the donor cannot ...
Page 50
... donee . In some cases delivery , sufficient to establish a valid gift , may be made by delivering the means of obtaining the property , as by delivering the key to a room or å trunk , containing the property to be given . This is known ...
... donee . In some cases delivery , sufficient to establish a valid gift , may be made by delivering the means of obtaining the property , as by delivering the key to a room or å trunk , containing the property to be given . This is known ...
Page 54
... donee , or some person competent to act for him . If the depositor retains the right to draw and use the fund there is no delivery and there is , therefore , no gift.92 91. Cogswell v . Newburyport Inst . for Savings , ( 1896 ) , 165 ...
... donee , or some person competent to act for him . If the depositor retains the right to draw and use the fund there is no delivery and there is , therefore , no gift.92 91. Cogswell v . Newburyport Inst . for Savings , ( 1896 ) , 165 ...
Page 55
... donee could claim no interest in the deposit.93 In a similar case , arising in Pennsylvania , it appeared that one Bridget Gallagher opened an account in the Beneficial Savings Fund Society of Philadelphia in the joint names of herself ...
... donee could claim no interest in the deposit.93 In a similar case , arising in Pennsylvania , it appeared that one Bridget Gallagher opened an account in the Beneficial Savings Fund Society of Philadelphia in the joint names of herself ...
Other editions - View all
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 claimant claimed court create a trust daughter deceased delivered delivery deposit book deposited money depositor died dividends donor draw the money drew Elizabeth entitled entry evidence executor fact father fund gift causa mortis gift inter vivos held intention to create 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 name in trust niece opened an account paid parties pass book payable payment perfected gift person in trust plaintiff positor retained the pass revoke Savings Institution statute survivor tentative trust testamentary thereof transaction transfer trust account trust company Trust Deposits trust in favor trust was created valid gift valid trust vest William withdrawals
Popular passages
Page 206 - 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 293 - 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 300 - 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 290 - ... 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 286 - 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 289 - ... and may be paid to either during the lifetime of both or to the survivor after the death of one of them...
Page 294 - 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 292 - When a deposit is made in the name of two or more persons, deliverable or payable to either or to their survivor or survivors, such deposit or any part thereof, or increase thereof, may be delivered or paid to either of said persons or to the survivor or survivors in due course of business.