GroundRules
Wis. Stat. § 404.203: Effect of instructions.
Where this section sits in the code
- Chs. 401-411, Uniform Commercial Code
- Chapter 404 Uniform Commercial Code — Bank Deposits And Collections
- SUBCHAPTER II COLLECTION OF ITEMS: DEPOSITARY AND COLLECTING BANKS
Subject to s. 403.420 concerning conversion of instruments and to s. 403.206 concerning restrictive endorsements, 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 2026-09-05T12:01:22Z. Source file · JSON