GroundRules
30-4-203: Effect of instructions.
Where this section sits in the code
- TITLE 30. TRADE AND COMMERCE
- CHAPTER 4. UNIFORM COMMERCIAL CODE BANK DEPOSITS AND COLLECTIONS
- Part 2. Collection of Items Depositary and Collecting Banks
Subject to the provisions of chapter 3 concerning conversion of instruments (30-3-419) and restrictive endorsements (30-3-205), 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 such instructions or in accordance with any agreement with its transferor.
Collected 2026-09-14T04:50:56Z. Source file · JSON