TSC: Banks Not Protected From Liability After Removing Joint Tenant From Account Without Consent - Articles

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Posted by: Katharine Heriges on Mar 20, 2019
The Tennessee Supreme Court ruled today a bank that removed an individual from an account held as a joint tenant with right of survivorship without the individual’s permission was not protected from liability. The Court found the plaintiff had sufficiently alleged claims for relief against the bank by asserting that the bank removed his name from the accounts without his consent and breached its duty to him as a co-owner of the accounts by accepting forged signature cards to remove him from the accounts. Justice Cornelia Clark authored the unanimous opinion.