N.Y. Uniform Commercial Code Law Section 4-203
Effect of Instructions


Section 4--203. Effect of Instructions. Subject to the provisions of Article 3 concerning conversion of instruments (Section 3--419) and the provisions of both Article 3 and this Article concerning restrictive indorsements only a collecting bank’s transferor can give instructions which 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.

Source: Section 4-203 — Effect of Instructions, https://www.­nysenate.­gov/legislation/laws/UCC/4-203 (updated Sep. 22, 2014; accessed Oct. 26, 2024).

Accessed:
Oct. 26, 2024

Last modified:
Sep. 22, 2014

§ 4-203’s source at nysenate​.gov

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