PHILLIPS v. BANK OF AMERICA, N.A.

No. B251836.

236 Cal.App.4th 217 (2015)

186 Cal.Rptr.3d 434

JASMINE PHILLIPS, as Trustee, etc., et al., Plaintiffs and Appellants, v. BANK OF AMERICA, N.A., Defendant and Respondent.

Court of Appeals of California, Second District, Division Five.

April 27, 2015.


Attorney(s) appearing for the Case

Markun Zusman Freniere & Compton, David S. Markun and Daria Dub Carlson for Plaintiffs and Appellants.

Reed Smith, James C. Martin , Marc A. Lackner and Peter J. Kennedy for Defendant and Respondent.


OPINION

INTRODUCTION

We hold that a bank may not for account service fees debit a so-called "Coogan Trust Account" — a statutorily required account to preserve 15 percent of a minor's gross earnings for artistic or creative services for the benefit of the minor until the minor turns 18 or is emancipated...

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