Minnesota  |  Banking Law

Legal Question

Asked on: 5/08/09, 7:51 pm

Refusal to honor CD

My mother purchased a CD in 1985. Since then, that bank was purchased by another bank. My mother passed away in January of this year (2009). In her safe deposit box, we found the original CD. When presented to the bank to cash it out, the bank refused, saying that they had no record of it.

What legal recourse do we have in this matter?

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