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SPURLOCK v. COMMERCIAL BANKING CO.

51863.

138 Ga. App. 892 (1976)

227 S.E.2d 790

SPURLOCK v. COMMERCIAL BANKING COMPANY.

Court of Appeals of Georgia.

Decided May 12, 1976.

Rehearing Denied June 11, 1976.

Attorney(s) appearing for the Case

Bennett & Wisenbaker, Reginald C. Wisenbaker, for appellant.

Tillman, Brice, McTier, Coleman & Talley, John T. McTier, for appellee.

CLARK, Judge.

This is a case of first impression as to the primary issue: Can a lender bank holding a security agreement executed by only one of two joint owners of a certificate of deposit with right of survivorship deduct upon the loan's maturity the debt owed by its borrower from the proceeds of the joint deposit certificate after the death of the individual borrower? Other legal problems presented in this appeal are...

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