Indiana § 26-1-4-203 Effect of instructions

Indiana Statutes

§ 26-1-4-203 — Effect of instructions

Indiana § 26-1-4-203

Title 26COMMERCIAL LAW

Art. 1UNIFORM COMMERCIAL CODE

Ch. 4Bank Deposits and Collections

This text of Indiana § 26-1-4-203 (Effect of instructions) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 26-1-4-203 (2026).

Text

Subject to of IC 26-1-3.1-420 concerning
conversion of instruments and the provisions of both IC 26-1-3.1 and
IC 26-1-4 concerning restrictive endorsements (IC 26-1-3.1-206), 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.
Formerly: Acts 1963, c.317, s.4-203. As amended by
P.L.152-1986, SEC.215; P.L.222-1993, SEC.19.

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Subject to of IC 26-1-3.1-420 concerning
conversion of instruments and the provisions of both IC 26-1-3.1 and
IC 26-1-4 concerning restrictive endorsements (IC 26-1-3.1-206), 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.
Formerly: Acts 1963, c.317, s.4-203. As amended by
P.L.152-1986, SEC.215; P.L.222-1993, SEC.19.