GroundRules
Va. Code § 8.4-203: Effect of instructions
Where this section sits in the code
- Title 8.4. COMMERCIAL CODE — BANK DEPOSITS AND COLLECTIONS
- Part 2. COLLECTION OF ITEMS: DEPOSITARY AND COLLECTING BANKS
Subject to Title 8.3A concerning conversion of instruments (§ 8.3A-420) and restrictive endorsements (§ 8.3A-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.1964, c. 219; 1992, c. 693.
Collected 2026-09-04T15:13:04Z. Source file · JSON