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Indiana Code Title 26. Commercial Law § 26-1-4-203

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Sec. 203. Subject to of   1IC 26-1-3.1-420 concerning conversion of instruments and the provisions of both IC 26-1-3.1 and IC 26-1-4 concerning restrictive endorsements (IC 26-1-3.1-206), 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.

1  So in 1993 enrolled act.

Cite this article: - Indiana Code Title 26. Commercial Law § 26-1-4-203 - last updated June 08, 2021 |

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