Haw. Rev. Stat. § 490:4-203
Current through the 2024 Legislative Session
Subject to article 3 concerning conversion of instruments (section 490:3-420 ) and restrictive indorsements (section 490:3-206 ), 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.
HRS § 490:4-203