This appeal involves a claim against a bank for conversion. The decedent signed a durable power of attorney appointing his nephew as his attorney-in-fact. Both the decedent and the nephew had accounts at the defendant bank. Using the power of attorney, the nephew endorsed checks made payable to the decedent and deposited them into his own bank accounts at the defendant bank. By the time the decedent died a few months later, the nefarious nephew had almost completely depleted the decedent’s estate. The estate of the decedent and the decedent’s wife filed this lawsuit against the bank. The trial court granted summary judgment in favor of the bank, based on the statutory immunity granted to banks for recognizing a power of attorney in T.C.A.§ 45-2-707(d). The plaintiff now appeals, arguing that the immunity statute is inapplicable because her claim arose under the UCC, T.C.A. §§ 47-3-307 and 47-3-420. We reverse, finding that T.C.A. § 45-2-707 is inapplicable to the transactions at issue in this appeal.
Case Number
W2010-02023-COA-R3-CV
Originating Judge
Chancellor Walter L. Evans
Case Name
Clara Jean West, by and through Janet L. Harvey, Conservator; and Estate of Robert Stokes West, by and through Janet L. Harvey, Administrator, v. Regions Bank
Date Filed
Dissent or Concur
No