Stephens v. Stephens

W. S. Stephens had been a customer of the Peoples Bank of Indianola for some time prior to February 11, 1941, but during several months next before that date his account with the bank had been inactive, there being therein to his credit a balance of only four cents. On the ■date mentioned Stephens and his wife, Ethel Lee, borrowed from the bank, on their joint note, the sum of $150' and stated that they desired to make further deposits, but in doing so they wanted it so arranged that if one should die, the remainder of the deposits would go to the survivor. Thereupon the bank suggested and…