Guaranty Federal Savings & Loan Ass'n v. Horseshoe Operating Co.

WHITHAM, Justice.

Appellee, The Horseshoe Operating Company, sued appellant, Guaranty Federal Savings and Loan Association, on Guaranty’s “official check.” We must determine if that check is analogous to a cashier’s check, which is deemed accepted when issued and is, therefore, not subject to a stop-payment order. Both parties filed motions for summary judgment. The trial court granted Horseshoe’s motion and denied Guaranty’s motion. We conclude that the check is analogous to a cashier’s check. Hence, we treat the check as a cashier’s check not subject to a stop-payment order. As to…