Montana § 30-4-203 Effect Of Instructions

Montana Statutes

§ 30-4-203 — Effect Of Instructions

Montana § 30-4-203

Title 30TRADE AND COMMERCE

Ch. 4UNIFORM COMMERCIAL CODE BANK DEPOSITS AND COLLECTIONS

Part 2Collection of Items Depositary and Collecting Banks

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Bluebook

Mont. Code Ann. § 30-4-203 (2026).

Text

30-4-203 . Effect of instructions. Subject to the provisions of chapter 3 concerning conversion of instruments ( 30-3-419 ) and restrictive endorsements ( 30-3-205 ), 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 such instructions or in accordance with any agreement with its transferor.

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30-4-203 . Effect of instructions. Subject to the provisions of chapter 3 concerning conversion of instruments ( 30-3-419 ) and restrictive endorsements ( 30-3-205 ), 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 such instructions or in accordance with any agreement with its transferor.