Texas Business & Commerce Code - Section 4.203. Effect Of Instructions
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Texas Lawyer > Business & Commerce Code > Texas Business & Commerce Code - Section 4.203. Effect Of Instructions
§ 4.203. EFFECT OF INSTRUCTIONS. Subject to Chapter 3
concerning conversion of instruments (Section 3.420) and
restrictive indorsements (Section 3.206), only a collecting bank's
transferor can give instructions that affect the bank or constitute
notice to it, and a collecting bank is not liable to prior parties
for any action taken pursuant to the instructions or in accordance
with any agreement with its transferor.
Acts 1967, 60th Leg., p. 2343, ch. 785, § 1, eff. Sept. 1, 1967.
Amended by Acts 1995, 74th Leg., ch. 921, § 4, eff. Jan. 1, 1996.
Section: 4.108 4.109 4.110 4.111 4.112 4.201 4.202 4.203 4.204 4.205 4.206 4.207 4.208 4.209 4.210
Last modified: August 10, 2007
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