GroundRules
AS 45.04.203: Effect of instructions.
Where this section sits in the code
- Title 45. Trade and Commerce.
- Chapter 04. Bank Deposits and Collections.
- Article 2. Collection of Items: Depositary and Collecting Banks.
Subject to the provisions concerning conversion of instruments (AS 45.03.420) and restrictive endorsements (AS 45.03.206), 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 an action taken under these instructions or in accordance with an agreement with its transferor.
Collected 2026-09-02T06:19:44Z. Source file · JSON