404.203 Effect of instructions. - Wisconsin Statutes

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404.203

404.203 Effect of instructions. Subject to s. 403.420 concerning conversion of instruments and to s. 403.206 concerning restrictive endorsements, 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.

404.203 - ANNOT.

History: 1995 a. 449; 2005 a. 253.

State Codes and Statutes

Statutes > Wisconsin > 404 > 404.203

404.203

404.203 Effect of instructions. Subject to s. 403.420 concerning conversion of instruments and to s. 403.206 concerning restrictive endorsements, 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.

404.203 - ANNOT.

History: 1995 a. 449; 2005 a. 253.

State Codes and Statutes

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State Codes and Statutes

Statutes > Wisconsin > 404 > 404.203

404.203

404.203 Effect of instructions. Subject to s. 403.420 concerning conversion of instruments and to s. 403.206 concerning restrictive endorsements, 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.

404.203 - ANNOT.

History: 1995 a. 449; 2005 a. 253.