Trustmark National Bank v. Sunshine Carwash No. 5 Partners
Citations
- 558 S.W.3d 157
Syllabus
In this garnishment case, a judgment creditor garnished funds from the joint bank account of a non-debtor depositor and a debtor. The trial court allowed the garnished funds to be tendered to the judgment creditor because the account agreement showed that the joint account was held with rights of survivorship. Tennessee Code Annotated section 45-2- 703(a), however, allows the non-debtor depositor to prove his rights in the funds held in the joint account. Because the non-debtor depositor provided sufficient evidence to prove his rights to the funds in the joint account, the judgment of the trial court is reversed.
How courts have described this case
Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.
- finding transaction effective for tax purposes where it did not alter the nature or amount of taxable income
- finding transaction effective for tax purposes where it did not alter the nature or amount of taxable income
Source: CourtListener parenthetical corpus (CC0).
Judges: Presiding Judge J. Steven Stafford
Read full opinion on CourtListenerSourced from CourtListener / Free Law Project (CC0).
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