Kalk v. SECURITY PACIFIC BANK
Court of Appeals of Washington
1Opinion of the CourtScholfield, J.
— Security Pacific Bank appeals the trial court’s grant of partial summary judgment to Marjorie Kalk, contending its perfected security interest in three certificates of deposit was binding on Kalk after the assignor-joint tenant’s death. We reverse.
Marjorie Kalk and her mother, Marjorie Worsham, owned three certificates of deposit (CD’s) as joint tenants with right of survivorship. The first two CD’s, purchased from Seattle Trust in 1982, were in the face amounts of $20,000 and $55,000, respectively. Each CD stated, "This certificate is not transferable except on the books of Seattle Trust.”…
Also in this document: Concurrence.
2Cases cited17 opinions
- Olson v. FraaseNorth Dakota Supreme Court · 1988
- First National Bank in Grand Prairie v. Lone Star Life Insurance Co.Court of Appeals of Texas · 1975
- Wightman v. American National Bank of RivertonWyoming Supreme Court · 1980
- Commercial Banking Co. v. SpurlockSupreme Court of Georgia · 1977
- Citizens Nat. Bank of Orlando v. BornsteinSupreme Court of Florida · 1979
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3Cited by7 opinions
- Morgan v. Farmers & Merchants BankSupreme Court of Alabama · 2003
- Belke v. M & I First National Bank of Stevens PointCourt of Appeals of Wisconsin · 1994
- Kalk v. Security Pacific Bank Washington N.A.Washington Supreme Court · 1995
- Kalk v. SECURITY PACIFIC BANK WASH. NAWashington Supreme Court · 1995
- Kevin Scott Christian v. Thomas F. StarkCourt of Appeals of Washington · 2019
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