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2013 Hawaii Revised Statutes
TITLE 27. UNIFORM COMMERCIAL CODE
490. Uniform Commercial Code
490:4-203 Effect of instructions.


HI Rev Stat § 490:4-203 (2013) What's This?

§490:4-203 Effect of instructions. Subject to article 3 concerning conversion of instruments (section 490:3-420) and restrictive indorsements (section 490:3-206), 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. [L 1965, c 208, §4-203; HRS §490:4-203; am L 1991, c 118, pt of §4]

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