Uniform Commercial Code

Bank Deposits And Collections

PART 6A-4-201
Collection of Items: Depositary and Collecting Banks

SECTION 6A-4-203

§ 6A-4-203. Effect of instructions.

Subject to chapter 3 of this title concerning conversion of instruments (§ 6A-3-420) and restrictive indorsements (§ 6A-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.

History of Section.
(P.L. 2000, ch. 238, § 4; P.L. 2000, ch. 421, § 4.)