Oklahoma State Bank of Ada v. Mitchell

J. D. Jackson sold to L. T. Mitchell a tract of land covered by an oil le'ase, which provided that the annual delay rentals should be paid on the 15th of November, and designated the Oklahoma State Bank of Ada as the depository to which such delay rentals should be paid.

It appears that the parties did not notify the lessee of the change in ownership of the land, and the lessee sent the 1933 delay rental to the bank with instructions to credit such rental to J. D. Jackson. It further appears that Jackson owed the bank, his indebtedness being represented by his note held by the bank, and when…