47-3306. Claims to an instrument
A person taking an instrument, other than a person having rights of a holder in due course, is subject to a claim of a property or possessory right in the instrument or its proceeds, including a claim to rescind a negotiation and to recover the instrument or its proceeds. A person having rights of a holder in due course takes free of the claim to the instrument.
Section: Previous 47-3206 47-3207 47-3301 47-3302 47-3303 47-3304 47-3305 47-3306 47-3307 47-3308 47-3309 47-3310 47-3311 47-3312 47-3401 NextLast modified: October 13, 2016