§ 8.4-203. Effect of instructions

VA Code § 8.4-203 (2019) (N/A)
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Subject to Title 8.3A concerning conversion of instruments (§ 8.3A-420) and restrictive endorsements (§ 8.3A-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.

1964, c. 219; 1992, c. 693.