Statute · New York Uniform Commercial Code
N.Y. U.C.C. Law § 4-203 — Effect of Instructions
N.Y. U.C.C. Law § 4-203
- Type
- Statute
- Source
- New York Uniform Commercial Code
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
Section 4--203. Effect of Instructions.
Citator
N.Y. U.C.C. Law § 4-203 — Effect of Instructions is in force in the current edition of the Code, and nothing recorded condemns it.
Section 4--203. Effect of Instructions.
Subject to the provisions of Article 3 concerning conversion of instruments (Section 3--419) and the provisions of both Article 3 and this Article concerning restrictive indorsements only a collecting bank's transferor can give instructions which affect the bank or constitute notice to it and a collecting bank is not liable to prior parties for any action taken pursuant to such instructions or in accordance with any agreement with its transferor.