2005 Connecticut Code - Sec. 42a-4-203. Effect of instructions.
Sec. 42a-4-203. Effect of instructions. Subject to section 42a-3-420 concerning
conversion of instruments and section 42a-3-206 concerning restrictive endorsements,
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.
History: P.A. 91-304 replaced reference to Sec. 42a-3-419 with reference to Sec. 42a-3-420, replaced "and the provisions of both article 3 and this article concerning restrictive endorsements" with "and restrictive endorsements (section 42a-3-206)" and made minor changes in wording; May Sp. Sess. P.A. 92-11 made a technical change.
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