GroundRules
30-3-306: Claims to an instrument.
Where this section sits in the code
- TITLE 30. TRADE AND COMMERCE
- CHAPTER 3. UNIFORM COMMERCIAL CODE NEGOTIABLE INSTRUMENTS
- Part 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 2026-09-14T04:50:54Z. Source file · JSON