Paradis v. Greater Providence Deposit Corp.

OPINION

LEDERBERG, Justice.

This ease came before the Supreme Court on the appeal of the estate of Michael Monte-calvo from the denial of his motion for the disbursement of funds in the receivership proceedings of Greater Providence Deposit Corporation and Greater Providence Trust Company (hereafter Greater Providence). 1 The issue before us is whether funds held in a joint account can be used to offset a defaulted loan to one of the parties named in the account if the party in default made no contribution to the account. The Superior Court held that Greater Providence properly set off funds…