554.4203 Effect of instructions. Subject to Article 3 concerning conversion of instruments (section 554.3420) and restrictive endorsements (section 554.3206), only a collecting bank’s transferor can give instructionsthat affect the bank or constitute notice to it, and a collecting bank is not liable to prior partiesfor any action taken pursuant to the instructions or in accordance with any agreement withits transferor. [C66, 71, 73, 75, 77, 79, 81, §554.4203]94 Acts, ch 1167, §90, 122 Sat Dec 23 01:57:20 2023 Iowa Code 2024, Section 554.4203 (24, 0)
Iowa Legal Code