Legal Opinion
Jamison v. Society National Bank
Ohio Supreme Court
Decided May 12, 1993No. 91-2251PublishedCited by 11 opinions
1Opinion of the CourtBowman, J.
The question before this court is whether a bank, upon the death of a lifetime owner of a P.O.D. C.D. which had been pledged as collateral for a loan, may take the proceeds of the P.O.D. C.D. in satisfaction of the debt, with only the surplus going to the beneficiary of the P.O.D. C.D.
Jamison argues that, upon the death of decedent, the bank’s interest was immediately extinguished and the P.O.D. C.D. vested in her. She maintains that the bank had no right to payment on the loan until decedent was in default, by which time the P.O.D. C.D. had vested and its proceeds were rightfully her own.…
2Cases cited11 opinions
- Wightman v. American National Bank of RivertonWyoming Supreme Court · 1980
- Walter v. National City BankOhio Supreme Court · 1975
- Citizens Nat. Bank of Orlando v. BornsteinSupreme Court of Florida · 1979
- Eger v. EgerOhio Court of Appeals · 1974
- General Electric Co. v. M & C Manufacturing, Inc.Supreme Court of Arkansas · 1984
6 more not listed; retrieve them via the Exa API.
3Cited by11 opinions
- Drabkin v. Capital Bank, N.A. (In Re Latin Investment Corp.)District Court, District of Columbia · 1993
- J.G. Wentworth LLC v. Christian, 07 Ma 113 (6-17-2008)Ohio Court of Appeals · 2008
- Kalk v. SECURITY PACIFIC BANKCourt of Appeals of Washington · 1994
- In Re Verus Investment Management, LLCUnited States Bankruptcy Court, N.D. Ohio · 2006
- In Re Cambridge Biotech Corp.United States Bankruptcy Court, D. Massachusetts · 1995
6 more not listed; retrieve them via the Exa API.