GroundRules
N.C. Gen. Stat. § 25-4-203: Effect of instructions.
Where this section sits in the code
- Chapter 25. Uniform Commercial Code.
- Article 4. Bank Deposits and Collections.
- Part 2. Collection of Items: Depositary and Collecting Banks.
Subject to Article 3 concerning conversion of instruments (G.S. 25-3-420) and restrictive indorsements (G.S. 25-3-206), 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. (1965, c. 700, s. 1; 1995, c. 232, s. 2.)
Collected 2026-08-27T17:58:47Z. Source file · JSON