57A-4-203. Effect of instructions.Subject to chapter 57A-3 concerning conversion of instruments (§57A-3-420) and restrictive endorsements (§57A-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. Source: SL 1994, ch 368, §4-203.
South Dakota Legal Code