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Code · UCC · UCC Article 4 — Bank Deposits and Collections · § 4-203

§ 4-203. 4-203

61 words·~1 min read·/us/ucc/a4/s4-203

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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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