Purcell Bank & Trust Co. v. Palmer

The parties appear here as plaintiff in error and defendant in error in the same order as they appeared in the trial court. They will be herein referred to as plaintiff and defendant.

On Janaury 14, 1932, Roy High was the owner of a certain herd of sheep and had executed a mortgage on them to the Purcell Bank & Trust Company to secure the in-debtednesss. At the above mentioned date said bank was being liquidated by the state of Oklahoma. The sheep in question were delivered to the defendant on said date by Roy High. This was at the direction of the trustees or liquidating agent in possession…