Compton v. Compton

PALMORE, Judge.

Sylvanus Compton died on August 22, 1967, at the age of 70. On September 22, 1966, he had opened a savings account in the Citizens Bank of Pikeville with a deposit of $8,000 in his individual name. In the space designated on the bank’s ledger or account sheet for “Special Instructions” the following notation was typewritten: “In case of death party desires funds to go to Walter Compton. JMY.” The initials “JMY” signified John M. Yost, executive vice president and cashier of the bank. The question in this lawsuit is whether Walter Compton or the personal representative of the…