D.C. Code § 28:4-203
Current through codified legislation effective April 20, 2024
Subject to Article 3 concerning conversion of instruments (section 28:3-420 ) and restrictive indorsements (section 28:3-206 ), 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.
D.C. Code § 28:4-203