State Codes and Statutes

Statutes > South-dakota > Title-57a > Chapter-04 > Statute-57a-4-203

57A-4-203. Effect of instructions. Subject to chapter 57A-3 concerning conversion of instruments (§ 57A-3-420) and restrictive endorsements (§ 57A-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.

Source: SL 1994, ch 368, § 4-203.

State Codes and Statutes

Statutes > South-dakota > Title-57a > Chapter-04 > Statute-57a-4-203

57A-4-203. Effect of instructions. Subject to chapter 57A-3 concerning conversion of instruments (§ 57A-3-420) and restrictive endorsements (§ 57A-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.

Source: SL 1994, ch 368, § 4-203.