674.203 Effect of instructions.—Subject to chapter 673 concerning conversion of instruments (s. 673.4201) and restrictive indorsements (s. 673.2061), 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.
History.—s. 1, ch. 65-254; s. 21, ch. 92-82.
Note.—s. 4-203, U.C.C.
Section: Previous 674.201 674.202 674.203 674.204 674.205 674.206 674.207 674.2081 674.2091 674.2101 674.2111 674.2121 674.2131 674.2141 674.215 NextLast modified: September 23, 2016