Bank of America National Trust & Savings Ass'n v. Hazelbud

Ivan Blair Hazelbud opened a savings account in a bank at Bakersfield on October 9, 1928. In open ing the account the bank took his signature on a printed card headed “Trust Fund Savings Account” by the terms of which he agreed that all savings deposited in this account and the dividends thereon should be governed by the by-laws of the bank, and he appointed the bank “trustee under the terms of the trust set forth on the reverse side of this card”. On the reverse side of the card was the following:

“All deposits to the credit of this account shall be held by United Security Bank and Trust…