Klein v. North Side Savings Bank

Appellate Terms of the Supreme Court of New York

Klein v. North Side Savings Bank

45 Misc. 2d 532, 257 N.Y.S.2d 191, 1965 N.Y. Misc. LEXIS 2387

CourtAppellate Terms of the Supreme Court of New York

DecidedJanuary 7, 1965

StatusPublished

This text of 45 Misc. 2d 532 (Klein v. North Side Savings Bank) is published on Counsel Stack Legal Research, covering Appellate Terms of the Supreme Court of New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Klein v. North Side Savings Bank, 45 Misc. 2d 532, 257 N.Y.S.2d 191, 1965 N.Y. Misc. LEXIS 2387 (N.Y. Ct. App. 1965).

Pincite

Opinion

Per Curiam.

Section 300 of the Abandoned Property Law, which defines abandoned property as including bank deposits which have remained unclaimed for 10 years, does not apply to infant’s funds deposited by the guardian pursuant to an order of the court with the caveat “ subject to further order of the court ’ ’.

Appellant bank wrongfully treated respondent’s account, which had been inactive for 10 years, as abandoned property and is liable for damages.

The order should be affirmed, with $10 costs.

Concur — Tilzeb, J. P., Gold and Capozzoli, JJ.

Order affirmed, etc.

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