GroundRules
AS 45.03.306: Claims to an instrument.
Where this section sits in the code
- Title 45. Trade and Commerce.
- Chapter 03. Negotiable Instruments.
- Article 3. Rights of a Holder.
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.
Collected 2026-09-02T06:19:44Z. Source file · JSON