Spurlock v. Commercial Banking Co.

Quillian, Presiding Judge.

For a full statement of facts relative to the background of the instant case see Spurlock v. Commercial Banking Co., 138 Ga. App. 892 (227 SE2d 790), affirmed Commercial Banking Co. v. Spurlock, 238 Ga. 123 (231 SE2d 748), in which this court held that a lender bank holding a security agreement executed by only one of two joint owners of a certificate of deposit with right of survivorship could not deduct upon the loan’s maturity the debt owed by its borrower from the proceeds of the joint deposit certificate after the death of the individual borrower.

While the first…