GroundRules
O.C.G.A. § 11-4-203: Effect of instructions.
Where this section sits in the code
- TITLE 11 Commercial Code
- Article 4 Bank Deposits and Collections
- PART 2 Collection of Items: Depositary and Collecting Banks
Subject to Article 3 of this title concerning conversion of instruments (Code Section 11-3-420) and restrictive indorsements (Code Section 11-3-206), 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 2026-09-17T19:34:57Z. Source file · JSON