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