§ 4203
63 words·~1 min read·
/ca/commercial-code/4203A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Subject to Division 3 (commencing with Section 3101) concerning conversion of instruments (Section 3420) and restrictive indorsements (Section 3206), 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.