There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
Article 4 Bank Deposits and Collections
355.4.203 Effect of instructions.
Download pdf420) and restrictive indorsements (KRS 355.3-206), 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. Effective: January 1, 1997
History: Amended 1996 Ky. Acts ch. 130, sec. 85, effective January 1, 1997. -- Created 1958 Ky. Acts ch. 77, sec. 4-203, effective July 1, 1960.
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