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FIRST NAT. BANK OF LAKE CITY v. ESTATE OF YOUNG

No. Z-151.

338 So.2d 67 (1976)

The FIRST NATIONAL BANK OF LAKE CITY, Appellant, v. ESTATE of Minnie S. YOUNG, Deceased, Appellee.

District Court of Appeal of Florida, First District.

Rehearing Denied November 1, 1976.

Attorney(s) appearing for the Case

Wallace M. Jopling, of Jopling, Darby, Peele & Page, Lake City, for appellant.

J. Klein Wigginton, of McClure, Wigginton, Campbell & Owen, Tallahassee, and A.K. Black, Lake City, for appellee.

SMITH, Judge.

The Bank, beneficiary of Minnie Young's will, appeals from a trial court's judgment which invalidates her bequest to the Bank of 20 shares of Bank stock.1 The trial court's decision, holding in effect that the stock passes to residuary beneficiaries, is grounded on three stated conclusions: (1) that the testatrix did not intend to make "an outright gift to the Bank for the purpose of enhancing its capital structure, but for...

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