BOWMAN, J.
The question before this court is whether a bank, upon the death of a lifetime owner of a P.O.D. C.D. which had been pledged as collateral for a loan, may take the proceeds of the P.O.D. C.D. in satisfaction of the debt, with only the surplus going to the beneficiary of the P.O.D. C.D.
Jamison argues that, upon the death of decedent, the bank's interest was immediately extinguished and the P.O.D. C.D. vested in her. She maintains that the bank had...
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