§ 8.4-203. Effect of instructions
Subject to Title 8.3A concerning conversion of instruments (§ 8.3A-420) and restrictive endorsements (§ 8.3A-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.
(1964, c. 219; 1992, c. 693.)
Sections: Previous 8.4-201 8.4-202 8.4-203 8.4-204 8.4-205 8.4-205.1 8.4-206 8.4-207 8.4-207.1 8.4-207.2 8.4-207.3 8.4-208 8.4-209 8.4-210 8.4-211 NextLast modified: April 3, 2009