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2018 Minnesota Statutes
Chapters 324 - 341 — TRADE REGULATIONS, CONSUMER PROTECTION
Chapter 336 — UNIFORM COMMERCIAL CODE
Section 336.4-203 — EFFECT OF INSTRUCTIONS.
Universal Citation: MN Stat § 336.4-203 (2018)
336.4-203 EFFECT OF INSTRUCTIONS.
Subject to article 3 concerning conversion of instruments (section 336.3-420) and restrictive endorsements (section 336.3-206), 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.
History: 1965 c 811 s 336.4-203; 1992 c 565 s 85
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