State Codes and Statutes
Statutes > Rhode-island > Title-6a > Chapter-6a-4 > 6a-4-203SECTION 6A-4-203
§ 6A-4-203 Effect of instructions. Subject to chapter 3 of this title concerning conversion of instruments (§6A-3-420) and restrictive indorsements (§ 6A-3-206), only a collectingbank's transferor can give instructions that affect the bank or constitutenotice to it, and a collecting bank is not liable to prior parties for anyaction taken pursuant to the instructions or in accordance with any agreementwith its transferor.