Alaska Stat. § 45.04.203
Current through Chapter 61 of the 2024 Legislative Session and 2024 Executive Orders 125, 133 through 135
Subject to the provisions concerning conversion of instruments (AS 45.03.420) and restrictive endorsements (AS 45.03.206), 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 an action taken under these instructions or in accordance with an agreement with its transferor.
AS 45.04.203