R.I. Gen. Laws § 6A-4-203
Current through 2024 Public Law 457
Subject to chapter 3 of this title concerning conversion of instruments (§ 6A-3-420 ) and restrictive indorsements (§ 6A-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.
R.I. Gen. Laws § 6A-4-203