Subject to Chapter 1303. of the Revised Code concerning conversion of instruments and restrictive indorsements, 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.
Effective Date: 08-19-1994
Section: Previous 1304.06 1304.07 1304.08 1304.09 1304.10 1304.11 1304.12 1304.13 1304.14 1304.15 1304.16 1304.17 1304.18 1304.19 1304.20 NextLast modified: October 10, 2016