Larson v. Acacia Federal Savings Bank

By Judge Rosemarie Annunziata

This case is before the Court on defendant’s Motion for Summary Judgment. The facts of this case are as follows. Harriet C. Kipps obtained a Certificate of Deposit dated July 1, 1991, from the defendant, Acacia Federal Savings Bank. The Certificate of Deposit agreement contained a clause requiring the prior written consent of the obligor to any assignment of the Certificate of Deposit. By letter dated October 2,1991, Mrs. Kipps assigned the excess amount of the certificate of deposit to the plaintiff, Mr. Larson. This letter was forwarded to Mr. Gary Dabrow,…