Plain Text Law

§ 4–203

Statutes in effect as of October 1, 2026.

Md. Code Ann., Com. Law § 4-203 (2026)
Title 4. Bank Deposits and Collections
Subtitle 2. Collection of Items: Depositary and Collecting Banks

§ 4–203Copy Citation

Subject to Title 3 concerning conversion of instruments (§ 3-420) and restrictive indorsements (§ 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.