§490:4-203 Effect of instructions. Subject to article 3 concerning conversion of instruments (section 490:3-420) and restrictive indorsements (section 490:3-206), 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. [L 1965, c 208, §4-203; HRS §490:4-203; am L 1991, c 118, pt of §4]
Section: Previous 490-4-107 490-4-108 490-4-109 490-4-110 490-4-111 490-4-201 490-4-202 490-4-203 490-4-204 490-4-205 490-4-206 490-4-207 490-4-208 490-4-209 490-4-210 NextLast modified: October 27, 2016