Alaska Stat. § 45.04.203
Current through Chapter 26 of the Legislative Session (excluding Chapter 21)
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