§490:3-306 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. [L 1991, c 118, pt of §1]
Section: Previous 490-3-206 490-3-207 490-3-301 490-3-302 490-3-303 490-3-304 490-3-305 490-3-306 490-3-307 490-3-308 490-3-309 490-3-310 490-3-311 490-3-312 490-3-401 NextLast modified: October 27, 2016