GroundRules
Minn. Stat. § 336.3-306: CLAIMS TO AN INSTRUMENT.
Where this section sits in the code
- TRADE REGULATIONS, CONSUMER PROTECTION
- CHAPTER 336. 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 2026-09-02T22:10:43Z. Source file · JSON