GroundRules
Iowa Code § 554.3306: Claims to an instrument.
Where this section sits in the code
- Title XIII - COMMERCE (Ch. 505 - 554I)
- Chapter 554 - UNIFORM COMMERCIAL CODE
- Article 3 - NEGOTIABLE INSTRUMENTS
- Part 3 - ENFORCEMENT OF INSTRUMENTS
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 2026-09-14T19:40:15Z. Source file · JSON