PENN v. PENN

No. 84-273.

683 S.W.2d 930 (1985)

Patricia PENN, Appellant, v. Dewey E. PENN et al., Appellee.

Supreme Court of Arkansas.

Rehearing Denied March 25, 1985.


Attorney(s) appearing for the Case

Richard Jarboe, Walnut Ridge, for appellant.

James W. Steinsiek, Blytheville, for appellee.


HAYS, Justice.

This case turns on whether there was a sufficient designation in writing to comply with Ark.Stat.Ann. § 67-1838 (Repl.1980), so that certificates of deposit belonged to the survivor, rather than to the estate of the decedent. The Chancellor found there was no right of survivorship. That finding was clearly erroneous and requires reversal.

The facts are not disputed. In 1979, Guthrie Penn, using $70,000 inherited from his mother, purchased...

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