GroundRules
Ark. Code Ann. § 4-4-203: Effect of instructions.
Where this section sits in the code
- Title 4 Business and Commercial Law
- Subtitle 1. Uniform Commercial Code
- Chapter 4 Bank Deposits and Collections
- Part 2 — Collection of Items — Depositary and Collecting Banks
Subject to Chapter 3 of this subtitle concerning conversion of instruments (§ 4-3-420) and restrictive indorsements (§ 4-3-206), 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.
Collected 2026-09-17T21:07:03Z. Source file · JSON