84 N.J. Eq. 101 | New York Court of Chancery | 1914
The complainant’s intestate, Mary McCullough, had on deposit with the Trenton Savings Fund Society upwards of $2,700. On March 19th, 1912, she caused her account to be changed upon the card system of the society and upon her pass-book by adding .the name of her sister, the defendant, so that thereafter the account stood in the name of “Mary McCullough or Annie Forrest.” Miss McCullough had but a single purpose in making the change, which was that the fund or chose in action, or as much thereof as remained, should pass to her sister at her death — purely a testamentary disposition. The evidence disclosed no donative intention, i. e., a design presently to part with the ownership of, or interest in, the money, but, on the contrary, it appears that after the alteration in the account was made, Miss McCullough retained the exclusive possession of the pass-book and exercised absolute dominion over the fund until her death. During that period she made one draft of a small sum which, under the by-laws and regulations of the society, was possible only by personal application and upon presentation of the passbook. The administrator seeks a recovery of the deposit as a part of his intestate’s estate, which is resisted by the sister, Mrs. Forrest, who claims it by way of a gift inter vivos. In Stevenson v. Earl, 65 N. J. Eq. 721, it was held that “in order to
Counsel for the defence urge the case of Dunn v. Houghton, 51 Atl. Rep. 71, as all controlling. There the facts were similar to the circumstances in this case, except that the fund remained intact, and Vice-Chancellor Stevenson held that the contract by the bank with the donor and donee, manifested by the pass-book, was a legally sufficient external form to carry the gift if the donative purpose be present. From the facts in that case he found such a purpose, and upheld the gift. In Schippers v. Kemphes, 67 Atl. Rep. 1042, which is also a bank pass-book case, with an account standing in the name of the alleged donor and donee, he reiterated this doctrine, but, upon the facts, finding no donative purpose, refused to sustain the transaction as a gift, in which he was upheld by the court of errors and appeals. 72 N. J. Eq. 948.
The conclusion which I have reached does not conflict with the principle laid down in the Dunn Case, for there, as already stated, the vice-chancellor found, as a fact, a donative purpose; a result which I have not been able to reach from the evidence in this ease.
A decree will be advised awarding the fund to the complainant. No costs will be allowed against the defendants. Peer v. Peer, 11 N. J. Eq. 432.