California § 4203. 4203. (Amended by Stats. 1992, Ch. 914, Sec. 20.)

California Statutes

§ 4203. — 4203. (Amended by Stats. 1992, Ch. 914, Sec. 20.)

California § 4203.

Code COMCommercial Code - COM

Div. 4.DIVISION 4. BANK DEPOSITS AND COLLECTIONS

Ch. 2.CHAPTER 2. Collection of Items: Depositary and Collecting Banks

This text of California § 4203. (4203. (Amended by Stats. 1992, Ch. 914, Sec. 20.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Commercial Code - COM Code § 4203. (2026).

Text

Subject to Division 3 (commencing with Section 3101) concerning conversion of instruments (Section 3420) and restrictive indorsements (Section 3206), 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.

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Subject to Division 3 (commencing with Section 3101) concerning conversion of instruments (Section 3420) and restrictive indorsements (Section 3206), 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.

Legislative History

Amended by Stats. 1992, Ch. 914, Sec. 20. Effective January 1, 1993.

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California § 4203., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/COM/4203..