{"data":{"id":"us-ak/as-45.03.306","jurisdiction":"us-ak","citation":"AS 45.03.306","heading":"Claims to an instrument.","body":"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.","path":["Title 45. Trade and Commerce.","Chapter 03. Negotiable Instruments.","Article 3. Rights of a Holder."],"source_url":"https://www.akleg.gov/basis/statutes.asp#45.03.306","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:19:44Z","sha256":"cf4bf42bb5f736dd27e9b48826382f463390d6fbd0ef02d5742c698a1e54f2fd","source_id":"us-ak","stale":false,"prev":"us-ak/as-45.03.305","next":"us-ak/as-45.03.307"},"notice":"GroundRules: Original legal text. Not legal advice."}