Legal Opinion
Sharon Bridges, Elva Tull, David Tull v. The Central Bank and Trust Company, F/k/a the Central State Bank of Hutchinson, Kansas
Court of Appeals for the Tenth Circuit
Decided February 22, 1991No. 90-3161PublishedCited by 4 opinions
1Opinion of the Court
EBEL, Circuit Judge.
We are asked to determine whether a bank issuing a certificate of deposit to co-owners, which was unilaterally pledged by one of the co-owners, is liable for redeeming the entire value of the CD in foreclosure of the instrument as a perfected security. The district court found that issuing bank properly honored the lender’s demand for payment. We affirm. 1
The Central Bank and Trust Company (“Central Bank”) issued a certificate of deposit to five individuals, “John C. or Elva E. Tull or David K. Tull or Francis I. Tull or Sharon C. Bridges” (emphasis added), stamped on its…
2Cases cited7 opinions
- Randy Abercrombie v. City of Catoosa, Oklahoma Mayor Curtis Conley and Police Chief Benny DirckCourt of Appeals for the Tenth Circuit · 1990
- Hutchinson National Bank & Trust Co. v. BrownCourt of Appeals of Kansas · 1988
- Walnut Valley State Bank v. StovallSupreme Court of Kansas · 1978
- Miller v. Merchants BankSupreme Court of Vermont · 1980
- In Re Estate of WoodSupreme Court of Kansas · 1976
2 more not listed; retrieve them via the Exa API.
3Cited by4 opinions
- Kalk v. SECURITY PACIFIC BANKCourt of Appeals of Washington · 1994
- Kalk v. Security Pacific Bank Washington N.A.Washington Supreme Court · 1995
- Financial Security Credit Union v. PorterUnited States Bankruptcy Court, D. New Mexico · 2020
- Kalk v. SECURITY PACIFIC BANK WASH. NAWashington Supreme Court · 1995