Weaver v. First National Bank of Amarillo

HALL, Justice.

On December 23, 1971, Mrs. Zella Nation Gray purchased a time certificate of deposit in the amount of $5,000.00 from the appel-lee, The First National Bank of Amarillo, Texas; and on May 17, 1972, Mrs. Gray purchased another from the bank in the amount of $3,000.00. Although the certifi*417cates were purchased with Mrs. Gray’s separate funds, both are payable at maturity to “Zella N. Gray or Bessie Lee Gerken.” Mrs. Gerken, appellee here, was Mrs. Gray’s niece. Neither certificate contains a “right of survivorship” clause on behalf of Mrs. Gray and Mrs. Gerken.

Mrs. Gray died on May…