Home/Maryland/Statutes/Article gcl: Commercial Law/Title: 4/§ 4-203
Maryland Statutes

§ 4-203

Maryland·Article gcl Commercial Law·Title 4
Subject to Title 3 concerning conversion of instruments (§ 3-420) and restrictive indorsements (§ 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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