CORNING BANK v. RICE

No. 82-189.

645 S.W.2d 675 (1983)

278 Ark. 295

The CORNING BANK, Appellant, v. Bobby RICE, Administrator of the Estate of Melvin Rice, and Marlin Rice, Appellees.

Supreme Court of Arkansas.

Rehearing Denied March 14, 1983.


Attorney(s) appearing for the Case

Scott Manatt and Phillip Crego, Corning, for appellant.

Joe Morphew, Corning, for Marlin Rice.

Gus R. Camp, Piggott, for Robert J. Rice.


GEORGE ROSE SMITH, Justice.

Melvin Rice died intestate in April, 1981, survived by four children. At his death Melvin owned 11 certificates of deposit issued by the Corning Bank, totaling $39,525.08 and payable on Melvin's death to his brother, the appellee Marlin Rice. A controversy arose between Marlin and Melvin's administrator, because Melvin had not designated in writing, over his signature, that the CD's were payable on his death to Marlin, as the statute and...

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