336.4-203 EFFECT OF INSTRUCTIONS.
Subject to article 3 concerning conversion of instruments (section
) and restrictive
, 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