Illinois Statutes
§ 4-203 — Effect of instructions
Illinois § 4-203
JurisdictionIllinois
TopicBUSINESS AND EMPLOYMENT
Ch. 810COMMERCIAL CODE
Act 810 ILCS 5/Uniform Commercial Code.
Art.Article 4 - Bank Deposits And Collections
This text of Illinois § 4-203 (Effect of instructions) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
810 Ill. Comp. Stat. 4-203 (2026).
Text
Subject to Article 3 concerning conversion of instruments (Section 3-420) and restrictive indorsements (Section 3-206), only a collecting bank's transferor can give instructions which 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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Legislative History
(Source: P.A. 87-582; 87-1135.)
Nearby Sections
15
§ 4-101
Short title§ 4-102
Applicability§ 4-103
§ 4-103§ 4-105
§ 4-105§ 4-107
Separate office of bank§ 4-108
Time of receipt of items§ 4-109
Delays§ 4-110
Electronic presentment§ 4-111
Statute of limitations§ 4-201
§ 4-201§ 4-203
Effect of instructions§ 4-204
§ 4-204Cite This Page — Counsel Stack
Bluebook (online)
Illinois § 4-203, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/810/4-203.