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<section article="gcl" article_name="Commercial Law" number="4-203" title_number="4" title_name="Bank Deposits and Collections" subtitle_number="2" subtitle_name="Collection of Items: Depositary and Collecting Banks">
  <text>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.</text>
</section>
