Legal Question in Banking Law in Minnesota
Refusal to honor CD
My mother purchased a CD in 1985. Since then, that bank was purchased by another bank. My mother passed away in January of this year (2009). In her safe deposit box, we found the original CD. When presented to the bank to cash it out, the bank refused, saying that they had no record of it.
What legal recourse do we have in this matter?
Asked on 5/08/09, 7:51 pm
1 Answer from Attorneys
David Anderson
Anderson Business Law LLC
Re: Refusal to honor CD
What is face amount? Interest?
Successor bank would have obligation to honor debts of prior bank. Federally chartered or state bank?
Call or email for help.
Answered on 5/08/09, 9:54 pm
Related Questions & Answers
-
Credit card application Is a bank/credit card company required to keep a copy of... Asked 3/02/09, 1:29 pm in United States Minnesota Banking Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
