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Ind. Code § 26-1-4-203

Effect of instructions

Indiana · Indiana Code Title 26 — Commercial Law · Status: effective

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Ind. Code § 26-1-4-203, Effect of instructions, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1660643
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Sec. 203. Subject to of IC 26-1-3.1-420 concerning conversion of instruments and the provisions of both IC 26-1-3.1 and IC 26-1-4 concerning restrictive endorsements (IC 26-1-3.1-206), 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.