Graves v. Red River Valley Bank

HALL, Judge.

The plaintiff sued the defendant bank for allowing his ex-wife to withdraw $5,900 from a joint passbook savings account established by the couple without requiring presentation of the passbook as authorization for the withdrawal as required by bank rules and regulations. The trial court found the bank liable to the plaintiff for the unauthorized disbursement and the defendant bank appealed. We affirm.

The following matters were stipulated at trial. The plaintiff and his ex-wife opened the joint passbook savings account on March 1, 1979. A passbook, filed into evidence, was issued.…