Subject to chapter 3 of this title concerning conversion of instruments (§ 6A-3-420) and restrictive indorsements (§ 6A-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.
Effect of instructions
R.I. Gen. Laws § 6A-4-203., under Chapter 6A-4 Bank Deposits and Collections.
R.I. Gen. Laws § 6A-4-203.