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The Florida Senate

2004 Florida Statutes

Section 674.203, Florida Statutes 2004

674.203  Effect of instructions.--Subject to chapter 673 concerning conversion of instruments (s. 673.4201) and restrictive indorsements (s. 673.2061), 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.

History.--s. 1, ch. 65-254; s. 21, ch. 92-82.

Note.--s. 4-203, U.C.C.