Me. Stat. tit. 11 § 4-203
Current through 131st (2023-2024) Legislature Chapter 684
Subject to Article 3-A concerning conversion of instruments (section 3-1420) and restrictive indorsements (section 3-1206) 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. [1993, c. 680, Pt. A, §20(AMD).]
11 M.R.S. § 4-203