A corporate plaintiff sought recovery of $96,500 allegedly transferred without authorization from its account to another corporation’s account to cover overdrafts.
The defendant credit union maintained the transfers were authorized by the principal of the plaintiff company and documented through telephone instructions and account records.
The court found that the transfers were authorized and that the plaintiff had received monthly statements and supporting documentation reflecting the transactions without timely objection.
In any event, the claim was barred both by the contractual verification provision requiring disputes within 30 days and by the applicable six‑year limitation period.
The action was dismissed.