Subject to chapter 3 of this title concerning conversion of instruments (§ 47-3-420) and restrictive endorsements (§ 47-3-206), 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.
Structure 2021 Tennessee Code
Title 47 - Commercial Instruments and Transactions
Chapter 4 - Bank Deposits and Collections
Part 2 - Collection of Items — Depositary and Collecting Banks
§ 47-4-203. Effect of Instructions
§ 47-4-205. Depositary Bank Holder of Unendorsed Item
§ 47-4-206. Transfer Between Banks
§ 47-4-211. When Bank Gives Value for Purposes of Holder in Due Course