State Codes and Statutes

Statutes > Georgia > Title-11 > Article-4 > Part-2 > 11-4-203

O.C.G.A. 11-4-203 (2010)
11-4-203. Effect of instructions


Subject to Article 3 of this title concerning conversion of instruments (Code Section 11-3-420) and restrictive indorsements (Code Section 11-3-206), 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.

State Codes and Statutes

Statutes > Georgia > Title-11 > Article-4 > Part-2 > 11-4-203

O.C.G.A. 11-4-203 (2010)
11-4-203. Effect of instructions


Subject to Article 3 of this title concerning conversion of instruments (Code Section 11-3-420) and restrictive indorsements (Code Section 11-3-206), 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.

State Codes and Statutes

State Codes and Statutes

Statutes > Georgia > Title-11 > Article-4 > Part-2 > 11-4-203

O.C.G.A. 11-4-203 (2010)
11-4-203. Effect of instructions


Subject to Article 3 of this title concerning conversion of instruments (Code Section 11-3-420) and restrictive indorsements (Code Section 11-3-206), 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.