Wash. Rev. Code § 62A.4-203

Current through the 2024 Regular Session

Section 62A.4-203 - Effect of instructions

Subject to Article 3 concerning conversion of instruments (RCW 62A.3-420 ) and restrictive indorsements (RCW 62A.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.

RCW 62A.4-203

1993 c 229 § 90; 1965 ex.s. c 157 § 4-203. Cf. former RCW 30.52.020; 1955 c 33 § 30.52.020; prior: 1929 c 203 § 2; RRS § 3292-2.

Recovery of attorneys' fees-Effective date-1993 c 229: See RCW 62A.11-111 and 62A.11-112.