Minn. Stat. § 336.4-203
Current through Register Vol. 49, No. 8, August 19, 2024
Subject to article 3 concerning conversion of instruments (section 336.3-420 ) and restrictive endorsements (section 336.3-206 ), 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.
Minn. Stat. § 336.4-203
1965 c 811 s 336.4-203; 1992 c 565 s 85