Minnesota Legislature
Office of the Revisor of Statutes
2006 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
336.4-203 EFFECT OF INSTRUCTIONS.
Subject to article 3 concerning conversion of instruments (section 336.3-420) and restrictive
endorsements (section 336.3-206), 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: 1965 c 811 s 336.4-203; 1992 c 565 s 85
Subject to article 3 concerning conversion of instruments (section 336.3-420) and restrictive
endorsements (section 336.3-206), 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: 1965 c 811 s 336.4-203; 1992 c 565 s 85
Official Publication of the State of Minnesota
Revisor of Statutes