57A-4-203. Effect of instructions. Subject to chapter 57A-3 concerning conversion of instruments (§ 57A-3-420) and restrictive endorsements (§ 57A-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.
Source: SL 1994, ch 368, § 4-203.
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