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Code · Utah · Title 70A — Uniform Commercial Code · Chapter 4

70A-4-203. Effect of instructions.

82 words·~1 min read·/ut/title-70a/chapter-4/70a-4-203

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70A-4-203. Effect of instructions.
Subject to Title 70A, Chapter 3, Uniform Commercial Code - Negotiable Instruments , concerning conversion of instruments, Section 70A-3-420 , and restrictive indorsements only, Section 70A-3-206 , 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.
Amended by Chapter 12 , 1994 General Session
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