New York Statutes
§ 4-203 — Effect of Instructions
New York·Law UCC Uniform Commercial Code·Part 2 Collection of Items: Depositary and Collecting Banks·Art. 4 Bank Deposits and Collections
Section 4--203. Effect of Instructions.\n Subject to the provisions of Article 3 concerning conversion of\ninstruments (Section 3--419) and the provisions of both Article 3 and\nthis Article concerning restrictive indorsements only a collecting\nbank's transferor can give instructions which affect the bank or\nconstitute notice to it and a collecting bank is not liable to prior\nparties for any action taken pursuant to such instructions or in\naccordance with any agreement with its transferor.\n
Free access — add to your briefcase to read the full text and ask questions with AI
New York § 4-203 (Effect of Instructions) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Nearby Sections
15
§ 4-101
Short Title§ 4-102
Applicability§ 4-106
Separate Office of a Bank§ 4-107
Time of Receipt of Items§ 4-108
Delays§ 4-109
Process of Posting§ 4-203
Effect of Instructions§ 4-206
Transfer Between Banks