Halley v. First Financial Bank

WATSON, Justice.

When settlement of a minor’s claims for personal injuries was approved, the judgment required deposit of the net proceeds in a homestead and court permission for all withdrawals. Claiming ignorance of the terms of the judgment, the homestead association, now a bank, placed the minor’s funds in a “special savings certificate”; loaned money to the minor’s tutrix individually, using the savings certificate as collateral; and then seized the minor’s savings to satisfy the debt of the bankrupt tutrix. This litigation to recover the minor’s funds from the bank was initiated by her…