Provident Bank v. Wood

Paul W. Bbowít, J.

In this case, the court is asked to determine whether the term of the award of interim funds was for the entire two-year designation period, or whether the term of the award was limited to the six-months term of the instrument evidencing the deposit executed subsequent to that award. Stated another way, we must decide whether the term of the award of the interim deposit must be for “not less than thirty days nor more than one year,” the minimum and maximum maturities decreed by B, C, 135,09 for deposits of interim funds,

*104For the reasons set forth below, we find that the term,…