GroundRules
Utah Code § 70A-4-203: Effect of instructions.
Where this section sits in the code
- Title 70A Uniform Commercial Code
- Chapter 70A-4 Uniform Commercial Code - Bank Deposits and Collections
- Part 70A-4-2 Collection of Items - Depositary and Collecting Banks
Subject to Title 70A, Chapter 3, Uniform Commercial Code - Negotiable Instruments, concerning conversion of instruments, Section 70A-3-420, and restrictive indorsements only, Section 70A-3-206, 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 2026-09-03T11:34:34Z. Source file · JSON