Dixon v. Arkansas State Bank

George Rose Smith, Justice.

On January 15, 1981, the appellant’s late husband, Odell Dixon, executed a $26,000 promissory note to the appellee bank. To secure that note Odell assigned to the bank three certificates of deposit, issued by the bank to “Odell Dixon or Lula Mae Dixon or the survivor thereof’ ’ and payable to “either of them as joint tenants and not as tenants in common.” On the preceding day Odell had assigned a similar certificate of deposit to the bank to secure another note, for $16,000. Lula Mae did not sign either note. The four certificates totaled $30,000.

Odell died on March…