# Transactions Multisigs interact with the ecosystem via transactions. Transactions created for the multisig to act upon will have the following states: Draft, Active, ExecuteReady, Executed, Rejected, or Cancelled. Each Transaction is ultimately executed by an authority PDA derived from the multisig. A transaction, regardless of how many instructions are attached to it, can only represent a single authority. Transactions are limited to having a maximum of 255 instructions. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.squads.so/squads-v3-docs/development/anchor-idl/transactions.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.