Okla. Stat. tit. 12A, § 12A-4-203
This is the official text of Okla. Stat. tit. 12A, § 12A-4-203, part of Oklahoma’s Stat. tit. 12A, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 12A,." Browse the sections below, each linked to its official government source.
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Effect of Instructions
Official statutory text
EFFECT OF INSTRUCTIONS
Subject to Article 3 of this title concerning conversion of
instruments (Section 3-420 of this title) and restrictive
indorsements (Section 3-206 of this title), 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.
Subject to Article 3 of this title concerning conversion of
instruments (Section 3-420 of this title) and restrictive
indorsements (Section 3-206 of this title), 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.
Status: in_force · Read it on the official government site
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