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2020 Alaska Statutes
Title 45. Trade and Commerce
Chapter 04. Bank Deposits and Collections
Article 2. Collection of Items: Depositary and Collecting Banks.
Sec. 45.04.203. Effect of instructions.
Universal Citation: AK Stat § 45.04.203 (2020)
Subject to the provisions concerning conversion of instruments (AS 45.03.420) and restrictive endorsements (AS 45.03.206), 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 an action taken under these instructions or in accordance with an agreement with its transferor.
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