Pennsylvania Statutes
§ 4203 — Effect of instructions
Subject to Division 3 (relating to negotiable instruments) concerning conversion of instruments (section 3420) and restrictive indorsements (section 3206), 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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Pennsylvania § 4203 (Effect of instructions) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(July 9, 1992, P.L.507, No.97, eff. one year)
Nearby Sections
15
§ 4203
Effect of instructions§ 4206
Transfer between banks§ 4207
Transfer warranties§ 4208
Presentment warranties