There is a newer version of the Oregon Revised Statutes
2015 Oregon Revised Statutes
Volume : 02 - Business Organizations, Commercial Code
Chapter 074 - Bank Deposits and Collections
Section 74.2030 - Effect of instructions.
OR Rev Stat § 74.2030 (2015) What's This?
Subject to ORS 73.0420 concerning conversion of instruments and ORS chapter 73 and this chapter concerning restrictive indorsements, 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.
[1961 c.726 §74.2030; 1993 c.545 §86]
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