13 Pa. C.S. § 4203

Current through Pa Acts 2024-53, 2024-56 through 2024-111
Section 4203 - Effect of instructions

Subject to Division 3 (relating to negotiable instruments) concerning conversion of instruments (section 3420) and restrictive indorsements (section 3206), 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.

13 Pa.C.S. § 4203

1979, Nov. 1, P.L. 255, No. 86, § 1, effective 1/1/1980. Amended 1992, July 9, P.L. 507, No. 97, § 10, effective in one year.