Idaho § 28-4-203 EFFECT OF INSTRUCTIONS

Idaho Statutes

§ 28-4-203 — EFFECT OF INSTRUCTIONS

Idaho § 28-4-203

Title 28COMMERCIAL TRANSACTIONS

Part 2.COLLECTION OF ITEMS — DEPOSITARY AND COLLECTING BANKS

Ch. 4UNIFORM COMMERCIAL CODE — BANK DEPOSITS AND COLLECTIONS

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Bluebook

Idaho Code § 28-4-203 (2026).

Text

Subject to the provisions of chapter 3 concerning conversion of instruments (section 28-3-420) and restrictive indorsements (section 28-3-206), 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.

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Subject to the provisions of chapter 3 concerning conversion of instruments (section 28-3-420) and restrictive indorsements (section 28-3-206), 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.