Kansas Statutes

§ 84-4-203 — Effect of instructions

Kansas·Ch. 84 UNIFORM COMMERCIAL CODE·Art. 4 BANK DEPOSITS AND COLLECTIONS
Subject to article 3 concerning conversion of instruments (K.S.A. 84-3-419) and restrictive endorsements (K.S.A. 84-3-206), 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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Related

§ 84-3-419
Kansas § 84-3-419
§ 84-3-206
Kansas § 84-3-206

Legislative History

L. 1965, ch. 564, § 212; L. 1991, ch. 296, § 84; February 1, 1992.

Nearby Sections

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