U.C.C. - ARTICLE 4 -§4-203.

U.C.C. - ARTICLE 4 - BANK DEPOSITS AND COLLECTIONS
..PART 2. COLLECTION OF ITEMS: DEPOSITARY AND COLLECTING BANKS

§ 4-203. EFFECT OF INSTRUCTIONS.

Subject to Article 3 concerning conversion of instruments (Section 3-420) and restrictive indorsements (Section 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.

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© Copyright 2005 by The American Law Institute and the National Conference of Commissioners on Uniform State Laws; reproduced, published and distributed with the permission of the Permanent Editorial Board for the Uniform Commercial Code for the limited purposes of study, teaching, and academic research.

U.C.C. - ARTICLE 4 - BANK DEPOSITS AND COLLECTIONS ..PART 2. COLLECTION OF ITEMS: DEPOSITARY AND COLLECTING BANKS

§ 4-203. EFFECT OF INSTRUCTIONS.

U.C.C. - ARTICLE 4 - BANK DEPOSITS AND COLLECTIONS
..PART 2. COLLECTION OF ITEMS: DEPOSITARY AND COLLECTING BANKS