Legal Opinion
Moore v. Moultrie Banking Co.
Court of Appeals of Georgia
Decided May 15, 1929No. 19597PublishedCited by 8 opinions
1Opinion of the CourtBroyles, C. J.
1. “Where one deposits money in a bank on general deposit, the bank immediately becomes the debtor of the depositor for the money deposited, and undertakes impliedly to pay that money either to the depositor or to some person to whom he directs it paid; and in order to discharge itself from this liability to the depositor, the bank must pay the money to the depositor or as directed by him. The liability can not be discharged in any other way.” Atlanta National Bank v. Burke, 81 Ga. 597, 600 (7 S. E. 738, 2 L. R. A. 96). “The bank in such case can not avoid liability by showing that it paid…
2Cases cited2 opinions
- Atlanta National Bank v. BurkeSupreme Court of Georgia · 1888
- Darien Bank v. CliftonSupreme Court of Georgia · 1923
3Cited by8 opinions
- Federal Deposit Insurance v. ThompsonCourt of Appeals of Georgia · 1936
- First National Bank v. American Surety Co.Court of Appeals of Georgia · 1944
- Valley National Bank v. Electrical District Number FourArizona Supreme Court · 1961
- Florida National Bank at St. Petersburg v. GeerSupreme Court of Florida · 1957
- Cairo Banking Co. v. WestSupreme Court of Georgia · 1939
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