Legal Opinion

Porter v. Trainor

Supreme Court of Arkansas

Decided November 27, 1967No. 5-4370PublishedCited by 2 opinions

1Opinion of the Court

George Rose Smith, Justice.

At David Porter’s death on May 18, 1964, he held two promissory notes of $2,500 each, executed by James Carter and payable to David Porter alone. David was survived by his widow, Elizabeth Trainor Porter. The question here is whether the two notes, although payable to Porter alone, were actually owned by the couple as a tenancy by the entirety, owing to the fact that they were given for money that Porter withdrew from a joint bank account and lent to Carter. The probate judge found that there was in fact a tenancy by the entirety in the notes.

The proof is so meager…

2Cases cited2 opinions

  1. Union & Mercantile Trust Co. v. HudsonSupreme Court of Arkansas · 1921
  2. Dickson v. Jonesboro Trust Co.Supreme Court of Arkansas · 1922

3Cited by2 opinions

  1. Lovell v. Marianna Federal Savings & Loan Ass'nSupreme Court of Arkansas · 1978
  2. Richards v. Worthen Bank & Trust Co.Supreme Court of Arkansas · 1977

Showing a preview — retrieve the full document via the Exa API.

Powered by the Exa API