Henry v. Powers

COLEMAN, Justice.

This is a suit for declaratory judgment concerning the ownership of a certificate of deposit issued by a bank payable to appellant or his deceased aunt, Mrs. E. W. Wright. Appellant and appellees are the beneficiaries under the will of Mrs. Wright. The trial court ruled that the certificate of deposit was an asset of her estate, and that title to the funds did not pass to appellant by right of survivorship.

The parties have stipulated to these facts:

“On March 7, 1963, Mrs. Wright deposited the sum of $10,000.00 with the First State Bank of Columbus, Texas, and received an…