GroundRules
RSA 382-A:4-203: Effect of Instructions.
Where this section sits in the code
- Title XXXIV-A: UNIFORM COMMERCIAL CODE
- Chapter Part 2: Collection of Items: Depositary and Collecting Banks
Subject to Article 3 concerning conversion of instruments (Section 3-420) and restrictive indorsements (Section 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 2026-09-05T15:43:59Z. Source file · JSON