400.4-203. Effect of instructions. - Missouri Statutes

Effect of instructions.

400.4-203. Subject to article 3 concerning conversion of instruments(Section 400.3-420) and restrictive endorsements (Section 400.3-206), only acollecting bank's transferor can give instructions that affect the bank orconstitute notice to it, and a collecting bank is not liable to prior partiesfor any action taken pursuant to the instructions or in accordance with anyagreement with its transferor.

(L. 1963 p. 503 § 4-203, A.L. 1992 S.B. 448)