O'PETRO ENERGY v. CANADIAN STATE BANK

No. 68988.

837 P.2d 1391 (1992)

O'PETRO ENERGY CORPORATION, an Oklahoma corporation, Appellee, v. CANADIAN STATE BANK, an Oklahoma banking corporation, Appellant.

Supreme Court of Oklahoma.

September 15, 1992.


Attorney(s) appearing for the Case

Stephen G. Solomon, Derryberry, Quigley, Parrish, Solomon & Blankenship, Oklahoma City, for appellee.

Michael J. Tullius, Oklahoma City, Robert W. Nelson, Michael N. Brown, Ramey & Nelson, Yukon, for appellant.


LAVENDER, Justice.

We are asked to decide in this case of first impression whether a Bank subjects itself to liability by accepting a check bearing a restrictive indorsement, "for deposit only" and depositing it into an account different from the named party on the front of the check. The trial court held the bank liable. We reverse.

FACTS

On June 17, 1982 O'Petro Energy corporation (Appellee), a publicly...

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