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Can you summarize MNST 336.4-203?

UNIFORM COMMERCIAL CODE > EFFECT OF INSTRUCTIONS.

Short Summary

Subject to article 3 concerning conversion of instruments (section 336.3-420 ) and restrictive endorsements (section 336.3-206 ), 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. History: 1965 c 811 s 336.4-203; 1992 c 565 s 85

Jurisdiction

Minnesota

Source
MNST 336.4-203 [https://reggi.cloud.regology.com/regulations/US-MNST/US-MNST_T_324_C_336_S_4-203]