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2019 Wisconsin Statutes & Annotations
Chapter 404. Uniform commercial code — bank deposits and collections.
404.203 Effect of instructions.
Universal Citation: WI Stat § 404.203 (2019)
404.203 Effect of instructions. Subject to s. 403.420 concerning conversion of instruments and to s. 403.206 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: 1995 a. 449; 2005 a. 253.
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