30-4-203. Effect of instructions.
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/mt/title-30/chapter-4/part-2/30-4-203·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
30-4-203 . Effect of instructions. Subject to the provisions of chapter 3 concerning conversion of instruments ( 30-3-419 ) and restrictive endorsements ( 30-3-205 ), 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 such instructions or in accordance with any agreement with its transferor.