Robert M. Bandy v. First State Bank, Overton…

Summary

The Texas Supreme Court affirmed the Court of Appeals, holding that the bank was entitled to setoff the decedent's deposits against his debts without complying with probate claim procedures, that the bank’s payment of the temporary administration CDs and CD 12229 was proper, and that the administrator failed to prove conversion of the remaining assets. The court also clarified that a bank’s right of setoff applies regardless of the estate’s solvency.