GroundRules
COM § 3306
Where this section sits in the code
- Commercial Code - COM
- DIVISION 3. NEGOTIABLE INSTRUMENTS [3101. - 3605.]
- CHAPTER 3. Enforcement of Instruments [3301. - 3312.]
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 2026-09-14T05:56:33Z. Source file · JSON