GroundRules
S.C. Code Ann. § 36-4-203: Effect of instructions.
Where this section sits in the code
- Title 36 - COMMERCIAL CODE
- CHAPTER 4 Commercial Code—Bank Deposits and Collections
- Part 2 Collection of Items: Depositary and Collecting Banks
Subject to Chapter 3 concerning conversion of instruments (Section 36-3-420) and restrictive indorsements (Section 36-3-206), 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 2026-09-02T07:08:19Z. Source file · JSON