Effect of instructions
KRS 355.4-203
in effect355.4-203. Effect of instructions
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.
Effective: January 1, 1997
History: Amended 1996 Ky. Acts ch. 130, sec. 85, effective January 1, 1997. -- Created 1958 Ky. Acts ch. 77, sec. 4-203, effective July 1, 1960.
Source: Kentucky Legislative Research Commission (legislature.ky.gov)URL: https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=33527Fetched: 10/20/2026
