Montana Statutes
§ 30-4-203 — Effect Of Instructions
Montana·Title 30 TRADE AND COMMERCE·Ch. 4 UNIFORM COMMERCIAL CODE BANK DEPOSITS AND COLLECTIONS·Part 2 Collection of Items Depositary and Collecting Banks
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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Legislative History
En. Sec. 4-203, Ch. 264, L. 1963; R.C.M. 1947, 87A-4-203; amd. Sec. 166, Ch. 410, L. 1991.
Nearby Sections
15
§ 30-4-101
Short Title§ 30-4-102
Applicability§ 30-4-104
Definitions And Index Of Definitions§ 30-4-106
Separate Office Of A Bank§ 30-4-107
Time Of Receipt Of Items§ 30-4-108
Delays§ 30-4-109
Repealed§ 30-4-111
Truncation§ 30-4-112
Statute Of Limitations§ 30-4-203
Effect Of Instructions