Subject to chapter 3 of this subtitle concerning conversion of instruments (§ 4-3-420) and restrictive indorsements (§ 4-3-206), 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.
Section: Previous 4-4-202 4-4-203 4-4-204 4-4-205 4-4-206 4-4-207 4-4-208 4-4-209 4-4-210 4-4-211 4-4-212 4-4-213 4-4-214 4-4-215 NextLast modified: November 15, 2016