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New Jersey Statutes, Title: 12A, COMMERCIAL TRANSACTIONS
Chapter 4:
Section: 12A:4-203: Effect of instructions
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.
This section added to the Rutgers Database: 2013-06-10 16:36:30.
Older versions of 12a:4-203 (if available):
Court decisions that cite this statute:
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