EFFECT OF INSTRUCTIONS.
Tex. BUS. & COM Code § 4.203.
in effectSubject to Chapter 3 concerning conversion of instruments (Section 3.420 ) and restrictive indorsements (Section 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.
