GroundRules
← Search the law
Idaho · Through 2026 Legislative Session

Idaho Code § 28-3-202: Negotiation subject to rescission.

Read at publisher ↗
Where this section sits in the code
  1. TITLE 28 COMMERCIAL TRANSACTIONS
  2. CHAPTER 3 UNIFORM COMMERCIAL CODE — NEGOTIABLE INSTRUMENTS
  3. PART 2. NEGOTIATION, TRANSFER, AND INDORSEMENT

(1) Negotiation is effective even if obtained (i) from an infant, a corporation exceeding its powers, or a person without capacity, (ii) by fraud, duress or mistake, or (iii) in breach of duty or as part of an illegal transaction.

(2) To the extent permitted by other law, negotiation may be rescinded or may be subject to other remedies, but those remedies may not be asserted against a subsequent holder in due course or a person paying the instrument in good faith and without knowledge of facts that are a basis for rescission or other remedy.

Collected 2026-09-04T11:18:14Z. Source file · JSON

Browse this collection