Gray v. Schultz

On November 22, 1957, an account in the sum of $29,527.90 in the sole name of Mildred Gray at the Ladish Employees’ Credit Union was changed so that thereafter it contained the names of both Mildred Gray and her husband, Otto L. Gray. The signature card, which they both signed, was entitled, “Joint Account Agreement,” and it provided that the credit union was “authorized to pay any amount standing to the credit of the above account to or upon the order of either or both or the survivor of either of us.”

There is a presumption that a joint tenancy was intended by this transfer to joint names.…