Legal Opinion
Greenwood Ex Rel. Greenwood v. Bank of Illmo
Missouri Court of Appeals
Decided December 15, 1989No. 16208PublishedCited by 17 opinions
1Opinion of the Court
FLANIGAN, Presiding Judge.
The basic issue is whether a bank, which issued a certificate of deposit (“CD”) jointly to A, B, and C, may, on the maturity of the CD, set off its proceeds against A’s delinquent note held by the bank when B and C furnished the money for the CD. This court, on the facts at bar, answers the question in the negative.
On October 23, 1981, Bank of Illmo, defendant below and appellant here, issued a CD in the amount of $6,500 with a maturity date of April 23, 1984, and an interest rate of 15.40 percent per annum. The depositors were Mary Ellen Keene and her children,…
2Cases cited19 opinions
- Wahl v. CunninghamSupreme Court of Missouri · 1928
- Southern Electrical Supply Co. v. Raleigh County National BankWest Virginia Supreme Court · 1984
- Adelstein v. Jefferson Bank and Trust CompanySupreme Court of Missouri · 1964
- Blue Valley Federal Savings & Loan Ass'n v. BurrusMissouri Court of Appeals · 1982
- Gerald W. Atkinson, Susan A. Atkinson v. Federal Deposit Insurance Corporation, Etc.Court of Appeals for the Fifth Circuit · 1981
14 more not listed; retrieve them via the Exa API.
3Cited by17 opinions
- Wallace v. United Mississippi BankMississippi Supreme Court · 1998
- Transit Casualty Company v. Selective Insurance Company of the SoutheastCourt of Appeals for the Eighth Circuit · 1998
- Wood & Huston Bank v. MalanMissouri Court of Appeals · 1991
- Central Hardware Co. v. Director of RevenueSupreme Court of Missouri · 1994
- Food Services Corp. v. RheamMissouri Court of Appeals · 2004
12 more not listed; retrieve them via the Exa API.