Lee v. Anderson

PHELPS, Justice.

The facts in this case are that one Martin L. Lee in his lifetime purchased 33 U. S. Savings Bonds of a maturity value of $25 each. The bonds were paid for by Lee out of his own funds and were by him kept in an envelope numbered 556 which he rented from the Glendale branch of the Valley National Bank and in which' he kept all of his valuable papers. All of the bonds except one were registered as follows: “Martin L. Lee, payable on death to Viola Anderson.” The other bond is registered in co-ownership as follows: “Martin Lee or Viola Anderson.” The bonds were in the bank…