Shaffer v. Hoke

Citations

• 80 Pa. Super. 434
• 1923 Pa. Super. LEXIS 181

Syllabus

<p>Gift — Certificate of deposit — Delivery without written assignment — Evidence—Sufficiency.</p> <p>Where the mother and brother of the donee testify clearly and satisfactorily that his deceased uncle, during his last illness, took from the bureau drawer in his bedroom a package from which he selected an envelope containing a bank’s certificate of deposit payable to the registered owner, and handed it to the donee, saying, “Here, this is yours,” their testimony is sufficient to establish a gift of the certificate without a written assignment thereof.</p> <p>A valid gift of nonnegotiable securities may be made by delivery of them to the donee without assignment or endorsement in writing. This principal has been applied to notes, bonds, stock and deposit certificates and life insurance policies.</p>