GroundRules
9A V.S.A. § 3—306: Claims to an instrument
Where this section sits in the code
- Title 9A: Uniform Commercial Code
- Article 003: Negotiable 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 2026-09-05T14:53:51Z. Source file · JSON