Steele v. Bank of California National Ass'n

On December 2, 1926, plaintiffs deposited with the Bank of Kenton a cashier’s check for $6,000 payable to their order and drawn by the Citizens’ Bank of Portland, which they had indorsed “Pay to the Bank of Kenton,” and were given immediate credit upon their pass-book and the books of the bank for that amount. On the afternoon of the same day the Bank of Kenton indorsed the check “Pay to the order of the Bank of California” and deposited it with defendant, together with other items amounting in all to the sum of $69,843.96, and was at once credited with said aggregate amount upon its account…