Reynolds v. Holt

OPINION

McDONALD, Chief Justice.

This is appeal by defendant L. Harold Reynolds from judgment requiring him to *507deposit $10,000. (plus interest at 6% from January 1968) into a federally insured Savings and Loan Association, in trust for plaintiff Ray Harold Reynolds.

Plaintiffs Mary F. Holt (formerly Reynolds) and Ray Harold Reynolds sued defendant L. Harold Reynolds alleging plaintiff Holt and defendant were divorced in 1962; that in consideration of the overall property settlement plaintiff Holt and defendant entered into a Trust Agreement obligating defendant to place $10,000. in a Federally…