Parke State Bank v. Akers

OPINION

RUCKER, Judge.

In violation of a written contract a bank allowed access to a jointly held safety deposit box from which jointly owned certificates of deposit were removed; the bank then redeemed the certificates over the endorsed signature of only one joint owner. Is the bank liable to the co-owner? We think not and therefore reverse.

Harold M. Akers and Plaintiff-Appellee Ardith L. Akers were married on October 4, 1986. About a month thereafter Harold instructed Defendant-Appellant Parke State Bank (the Bank) to place Ardith’s name on several certificates of deposit (CDs) which had been…