NAT. BANK OF GEORGIA v. Weiner

Beasley, Judge.

In 1976 Zagoria & Stoner, P. C., a professional corporation engaged in the general practice of law, opened at the National Bank of Georgia a commercial checking account designated as an escrow account, which it used primarily to deposit and disburse client funds in real estate closings. The opening sheets indicated the nature of the professional corporation’s business, including real estate closings, and specified as authorized signatures both Zagoria and Stoner. The account agreement neither identified the deposits as trust funds nor imposed a duty upon NBG to monitor the…