Fairfield National Bank v. Chansler

A financial institution may become liable for any instrument it accepted, but the form of the acceptable document is left to discretion of institution, under Illinois Trust and Payable on Death Accounts Act. UCC gives financial institutions the right to accept, and account, for a reasonable time after the death of a client. If court determines that interpleader accepted written instruments, then change of beneficiaries was effective under the Act and interpleader is not liable for having accepted the instruments. (CHAPMAN and STEWART, concurring.)