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Home / Opinion Digests / Bank’s refusal to move funds wasn’t breach of agreement (access required)

Bank’s refusal to move funds wasn’t breach of agreement (access required)

Where a father and son opened a joint brokerage account, and the father then demanded the funds be transferred to his separate account, the bank’s refusal to transfer the funds was not a breach of the account agreement because it allowed the bank to require written consent of all account owners before acting on a ...