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FIRST NAT. BANK OF MEXICO v. MUNNS

No. 41430.

602 S.W.2d 910 (1980)

FIRST NATIONAL BANK OF MEXICO, a Banking Corporation, Plaintiff-Respondent, v. Margaret E. MUNNS et al., Defendants-Appellants.

Missouri Court of Appeals, Eastern District, Division Four.

July 29, 1980.

Attorney(s) appearing for the Case

Thomas J. Osborne, Mexico, for defendants-appellants.

Steven W. Vanmatre, Mexico, for plaintiff-respondent.

SIMON, Judge.

Appellants appeal from a summary judgment ordering the delivery to respondent of funds held in a trust savings account assigned as security for a promissory note payable to respondent. We affirm.

Robert L. Munns borrowed $15,000 from the First National Bank of Mexico (respondent) and executed a promissory note in the same amount. He assigned a trust certificate of deposit in the amount of $15,104.86 as security for the note. Later, Robert L....

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