4203 - Effect of instructions.

     § 4203.  Effect of instructions.        Subject to Division 3 (relating to negotiable instruments)     concerning conversion of instruments (section 3420) and     restrictive indorsements (section 3206), 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.     (July 9, 1992, P.L.507, No.97, eff. one year)