Legal Opinion
Melson v. Bank of New Mexico
New Mexico Supreme Court
Decided December 2, 1958No. 6432Published
1Opinion of the Court
332 P.2d 472 (1958)
65 N.M. 70
Jack MELSON, Plaintiff-Appellee,
v.
BANK OF NEW MEXICO, a corporation, Defendant-Appellant.
No. 6432.
Supreme Court of New Mexico.
December 2, 1958.
Allen M. Tonkin, Hugo C. Cotter, Albuquerque, for appellant.
James Sidwell, Jr., Albuquerque, for appellee.
SHILLINGLAW, Justice.
The question before us is whether a bank can apply the deposits in the account of a debtor to the payment of his matured indebtedness where that indebtedness is secured under terms of a conditional sales contract. For the reasons hereafter stated, we hold that it can not.
On June 12, 1957, the…
2Cases cited11 opinions
- Forastiere v. Springfield Institution For SavingsMassachusetts Supreme Judicial Court · 1939
- Kress v. Central Trust Co.Appellate Division of the Supreme Court of the State of New York · 1935
- Harper v. First State Bank of Grand PrairieCourt of Appeals of Texas · 1928
- Kress v. Central Trust CompanyNew York Court of Appeals · 1936
- American Surety Co. v. De EscaladaArizona Supreme Court · 1936
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