Herwick v. Stiehl

This is an action by a depositor of two joint savings accounts against the codepositor and the depository banks to recover the proceeds of said accounts. The codepositors are mother and daughter. The mother sues naming the daughter as a party defendant because of the daughter’s assertion of a moiety interest in both bank accounts. Prior to the commencement of this lawsuit, the daughter placed a stop order against both bank accounts pursuant to section 675 of the Banking Law. It was this act which prompted the commencement of this lawsuit. The defendant banks have taken the position of a…