Ky. Rev. Stat. § 355.4-203
Current through Acts Received April 24, 2024
Subject to Article 3 of this chapter concerning conversion of instruments (KRS 355.3-420) and restrictive indorsements (KRS 355.3-206), 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.
KRS 355.4-203
Amended 1996, Ky. Acts ch. 130, sec. 85, effective1/1/1997. -- Created 1958 Ky. Acts ch. 77, sec. 4-203, effective 7/1/1960.