§ 4-203
60 words·~1 min read·
/md/commercial-law/4-203·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§4–203.
Subject to Title 3 concerning conversion of instruments (§ 3-420) and restrictive indorsements (§ 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.