GroundRules
N.Y. Uniform Commercial Code Law § 4-203: Effect of Instructions
Where this section sits in the code
- Uniform Commercial Code Law
- Article 4. Bank Deposits and Collections
- Part 2. Collection of Items: Depositary and Collecting Banks
Section 4--203. Effect of Instructions.
Subject to the provisions of Article 3 concerning conversion of
instruments (Section 3--419) and the provisions of both Article 3 and
this Article concerning restrictive indorsements only a collecting
bank's transferor can give instructions which 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 2026-09-14T19:32:45Z. Source file · JSON