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TITLE [Claim for Payment of Deposit Insurance Proceeds]Supreme Court Decision 2005Da17877 Delivered on June 24, 2005 [full Text]
Summary
[1] The identity of the owner of the deposit account, in the case where an agreement exists between the person who disbursed the deposited funds and the financial institution that a right to the return of deposit shall belong to the person who disbursed the funds, and not to the title holder of the deposit account (= the person who disbursed the deposited funds) [2] The case that found the person who disbursed the deposited funds to be the owner of the deposit account on the ground that there existed an implicit agreement between the person who disbursed the deposited funds and the financial institution that a right to the return of deposit shall belong to the person who disbursed the deposited funds, and not the title holder of the deposit account
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