In Re the Accounting of Fenelon

The Banking Law (Cons. Laws, ch. 2), in section 249, provides that “ when a deposit shall be made by any person in the names of such depositor and another person and in form to be paid to either or the survivor of them ” such deposit “ shall become the property of such persons as joint tenants ” and “ may be paid to either during the life time of both or to the survivor after the death of one of them.” It further provides: “ The making of the deposit in such form shall, in the absence of fraud or undue influence, be conclusive evidence, in any action or proceeding to which either such savings…