§ 4-203. Effect of instructions.
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/de/title-6/chapter-4/4-203A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.