674.203 Effect of instructions. - Florida Statutes

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674.203 Effect of instructions.

Subject to chapter 673 concerning conversion of instruments (s. 673.4201) and restrictive indorsements (s. 673.2061), 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. s. 1, ch. 65-254; s. 21, ch. 92-82.

Note. s. 4-203, U.C.C.

State Codes and Statutes

Statutes > Florida > TitleXXXIX > Chapter674 > PARTII > 674_203

674.203 Effect of instructions.

Subject to chapter 673 concerning conversion of instruments (s. 673.4201) and restrictive indorsements (s. 673.2061), 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. s. 1, ch. 65-254; s. 21, ch. 92-82.

Note. s. 4-203, U.C.C.

State Codes and Statutes

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State Codes and Statutes

Statutes > Florida > TitleXXXIX > Chapter674 > PARTII > 674_203

674.203 Effect of instructions.

Subject to chapter 673 concerning conversion of instruments (s. 673.4201) and restrictive indorsements (s. 673.2061), 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. s. 1, ch. 65-254; s. 21, ch. 92-82.

Note. s. 4-203, U.C.C.