47-4203. Effect of instructions
Subject to chapter 3 of this title concerning conversion of instruments (section 47-3420) and restrictive indorsements (section 47-3206), 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.
Section: Previous 47-4107 47-4108 47-4109 47-4110 47-4111 47-4201 47-4202 47-4203 47-4204 47-4205 47-4206 47-4207 47-4208 47-4209 47-4210 NextLast modified: October 13, 2016