LOERCH v. NATIONAL BANK OF COMMERCE OF BIRMINGHAM

1920314.

624 So.2d 552 (1993)

Dorothy L. LOERCH, v. NATIONAL BANK OF COMMERCE OF BIRMINGHAM.

Supreme Court of Alabama.

Rehearing Denied September 10, 1993.


Attorney(s) appearing for the Case

W.S. Pritchard, Jr. and William S. Pritchard III of Pritchard, McCall & Jones, Birmingham, for appellant.

Cathy S. Wright and Cynthia G. Lamar of Maynard, Cooper, Frierson & Gale, Birmingham, for appellee.


KENNEDY, Justice.

The defendant, Dorothy L. Loerch, appeals from a declaratory judgment in favor of the plaintiff, National Bank of Commerce of Birmingham ("NBC"). We reverse and remand.

The controlling issue is whether the assignment and pledge of a jointly held certificate of deposit ("CD"), which was signed by only one joint owner even though the document itself specifically required the signature of both, is valid.

On January 9, 1990, Herbert Loerch...

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