Sec. 42a-4-203. Effect of instructions. - Connecticut Statutes

      Sec. 42a-4-203. Effect of instructions. Subject to section 42a-3-420 concerning conversion of instruments and section 42a-3-206 concerning restrictive endorsements, 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.

      (1959, P.A. 133, S. 4-203; P.A. 91-304, S. 81; May Sp. Sess. P.A. 92-11, S. 20, 70.)

      History: P.A. 91-304 replaced reference to Sec. 42a-3-419 with reference to Sec. 42a-3-420, replaced "and the provisions of both article 3 and this article concerning restrictive endorsements" with "and restrictive endorsements (section 42a-3-206)" and made minor changes in wording; May Sp. Sess. P.A. 92-11 made a technical change.