Reed v. Valley Federal Savings & Loan Co.

OPINION

GONZALEZ, Justice.

This case primarily involves the question of the liability of a savings and loan association when it applies guardianship funds to pay off the individual indebtedness of the guardian. After the minor learned that the assets of the guardianship had been dissipated by the guardian, he sued the savings and loan association to recover the funds that had been on deposit there. After a trial to the court without a jury, the trial court rendered a take nothing judgment against the minor. The minor appealed. We reverse and render.

The relevant facts are as follows: In June,…