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MORTON v. McCOMB

No. 83-242.

662 S.W.2d 471 (1983)

281 Ark. 125

Nellie MORTON, Executrix of the Estate of Mary Elizabeth Frenken, Deceased, Appellant, v. Nada McCOMB, Guardian of the Estate of Gertrude Jarrett, NCM, Appellee.

Supreme Court of Arkansas.

Rehearing Denied January 23, 1984.

Attorney(s) appearing for the Case

Ponder & Jarboe, Walnut Ridge, for appellant.

King & King, Pocahontas, for appellee.

HICKMAN, Justice.

The two questions in this case are: (1) Whether two savings accounts at the Bank of Pocahontas were properly designated in writing as payable-on-death accounts, and (2) the meaning of a designation where an account is payable-on-death to three separate individuals, to share and share alike, and only one of those individuals survives the owner of the account.

The case was submitted on an agreed set of facts to the Chancery Court of Randolph...

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