Maryland Statutes
Subtitle 2 - Collection of Items: Depositary and Collecting Banks
Section 4-203 - Effect of Instructions

Subject to Title 3 concerning conversion of instruments (§ 3-420) and restrictive indorsements (§ 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.