Commercial Code section 4203

Subject to Division 3 (commencing with Section 3101) concerning conversion of instruments (Section 3420) and restrictive indorsements (Section 3206), 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.

Source: Section 4203, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=COM§ionNum=4203. (accessed Apr. 24, 2025).

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Last Updated

Apr. 24, 2025

§ 4203’s source at ca.gov

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Location: https://california.public.law/codes/commercial_code_section_4203

Original Source: Section 4203, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=COM§ionNum=4203. (last accessed Apr. 24, 2025).