Subject to Article 3 of this title concerning conversion of instruments (Code Section 11-3-420) and restrictive indorsements (Code Section 11-3-206), only a collecting bank’s transferor can give instructions that 482 11-4-204 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. Code 1933, § 109A-4-203, enacted by Ga. L. 1962, p. 156, § 1; Ga. L. 1996, p. 1306, § 6.
Effect of instructions
O.C.G.A. § 11-4-203 — under Commercial Code.
O.C.G.A. § 11-4-203