Bullis v. Security Pacific National Bank

Opinion

BIRD, C. J.

Security Pacific National Bank appeals a judgment for damages in favor of respondents, heirs of the estate of Florence McNaghten. This court must decide whether a bank’s failure to require the signatures of both of an estate’s co-executors for withdrawals from an estate account was sufficient to hold the bank liable for misappropriations from that account by one of the executors.

I

Florence Edna Letts McNaghten died in July 1966, having named Ann McNaghten Booth, decedent’s daughter, and Edward Lampe, decedent’s long-time financial advisor and accountant, as co-executors to…