GroundRules
COM § 4203
Where this section sits in the code
- Commercial Code - COM
- DIVISION 4. BANK DEPOSITS AND COLLECTIONS [4101. - 4504.]
- CHAPTER 2. Collection of Items: Depositary and Collecting Banks [4201. - 4216.]
Subject to Division 3 (commencing with Section 3101) concerning conversion of instruments (Section 3420) and restrictive indorsements (Section 3206), 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 2026-09-14T05:56:33Z. Source file · JSON