N.D. Cent. Code § 41-04-15
Current through the 2023 Legislative Sessions
Subject to the provisions of chapter 41-03 concerning conversion of instruments (section 41-03-57) and restrictive endorsements (section 41-03-25), only a collecting bank's transferor may give instructions which affect the bank or constitute notice to it, and a collecting bank is not liable to prior parties for any action taken under those instructions or any agreement with its transferor.
N.D.C.C. § 41-04-15