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BRIDGES v. CENTRAL BANK AND TRUST CO.

No. 90-3161.

926 F.2d 971 (1991)

Sharon BRIDGES, Plaintiff-Appellant, Elva Tull, David Tull, Plaintiffs, v. The CENTRAL BANK AND TRUST COMPANY, f/k/a The Central State Bank of Hutchinson, Kansas, Defendant-Appellee.

United States Court of Appeals, Tenth Circuit.

February 22, 1991.

Attorney(s) appearing for the Case

Steven M. Dickson, of Dickson & Pope, P.A., Topeka, Kan., for plaintiff-appellant.

Gerald L. Green, of Gilliland & Hayes, P.A., Hutchinson, Kan., for defendant-appellee.

Before McKAY, SEYMOUR and EBEL, Circuit Judges.

EBEL, Circuit Judge.

We are asked to determine whether a bank issuing a certificate of deposit to co-owners, which was unilaterally pledged by one of the co-owners, is liable for redeeming the entire value of the CD in foreclosure of the instrument as a perfected security. The district court found that issuing bank properly honored the lender's demand for payment. We affirm.1

The Central Bank and Trust Company ("Central Bank")...

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