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§ 4203. Effect of instructions

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 13 Pa.C.S.A. Commercial Code

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 13 Pa.C.S.A. Commercial Code (Refs & Annos)
Division 4. Bank Deposits and Collections (Refs & Annos)
Chapter 42. Collection of Items: Depositary and Collecting Banks
13 Pa.C.S.A. § 4203
§ 4203. Effect of instructions
Currentness
Subject to Division 3 (relating to negotiable instruments) concerning conversion of instruments (section 3420) and restrictive indorsements (section 3206), 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.

Credits

1979, Nov. 1, P.L. 255, No. 86, § 1, effective Jan. 1, 1980. Amended 1992, July 9, P.L. 507, No. 97, § 10, effective in one year.
13 Pa.C.S.A. § 4203, PA ST 13 Pa.C.S.A. § 4203
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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