2018 Code of Alabama
Title 7 - COMMERCIAL CODE.
Article 4 - BANK DEPOSITS AND COLLECTIONS.
Part 2 - Collection of Items: Depositary and Collecting Banks.
Section 7-4-203 - Effect of instructions.
Subject to Article 3 concerning conversion of instruments (Section 7-3-420) and restrictive indorsements (Section 7-3-206), 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taken pursuant to the instructions or in accordance with any agreement with its transferor.(Acts 1965, No. 549, p. 811; repealed by Acts 1995, No. 95-668, p. 1381, §2; added by Acts 1995, No. 95-668, p. 1381, §2.)