New Jersey Statutes
§ 12A:4-203 — Effect of instructions
New Jersey·Title 12A COMMERCIAL TRANSACTIONS
Subject to the provisions of chapter 3 concerning conversion of instruments (12A:3-420) and restrictive indorsements (12A: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. L.1995,c.28,s.2.
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Nearby Sections
15
§ 12A:4-101
Short title§ 12A:4-102
Applicability§ 12A:4-104
Definitions and index of definitions.§ 12A:4-105
"Bank"; "depositary bank"; "payor bank"; "intermediary bank"; "collecting bank"; "presenting bank"§ 12A:4-107
Separate office of bank§ 12A:4-108
Time of receipt of items§ 12A:4-109
Delays§ 12A:4-110
Electronic presentment§ 12A:4-111
Statute of limitations§ 12A:4-203
Effect of instructions