Ariz. Rev. Stat. § 47-4203
Current through L. 2024, ch. 259
Subject to chapter 3 of this title concerning conversion of instruments (section 47-3420 ) and restrictive indorsements (section 47-3206 ), 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.
A.R.S. § 47-4203