Oatts v. Jorgenson

THOMAS, Justice.

The only issue presented in this case is the effect of registering a book-entry treasury bill in the names of “Phil Oatts or Marilyn J. Oatts or Vicki Jorgenson.” The treasury bill in question was purchased through a banking institution and was represented by an entry on the records of a Reserve Bank. 1 After the death of J. Philip Oatts (Phil Oatts), his widow, Marilyn J. Oatts (Oatts), claimed sole ownership of the treasury bill, but the trial court, applying the law of Wyoming, held that a tenancy in common was created by the form of the book entry. This ruling was contrary…