Losee v. Marine Bank
Court of Appeals of Wisconsin
1Opinion of the CourtNettesheim, J.
¶ 1. Helen E Losee appeals from a summary judgment granted in favor of Marine Bank. Helen is seeking to recover amounts held in a certificate of deposit at Marine Bank. Helen's son, John E Losee, Jr., acting pursuant to a Durable Power of Attorney for Financial Matters (POA), executed two Assignment of Deposit Accounts which assigned a certificate of deposit account issued by Marine Bank to Helen in the amount of $230,552.61. John did so in order to secure loans for his personal business.
¶ 2. Helen argues that John was self-dealing when he executed the assignments and therefore the…
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- Bockemuhl v. JordanWisconsin Supreme Court · 1955
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