{"data":{"id":"us-al/ala.-code-7-3-306","jurisdiction":"us-al","citation":"Ala. Code § 7-3-306","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 7 Commercial Code.","Article 3 Negotiable Instruments.","Part 3 Enforcement of Instruments."],"source_url":"https://alison.legislature.state.al.us/code-of-alabama?section=7-3-306","current_through":"Act 2026-611","vintage":"","retrieved_at":"2026-09-03T14:01:52Z","sha256":"cf4bf42bb5f736dd27e9b48826382f463390d6fbd0ef02d5742c698a1e54f2fd","source_id":"us-al","stale":false,"prev":"us-al/ala.-code-7-3-305","next":"us-al/ala.-code-7-3-307"},"notice":"GroundRules: Original legal text. Not legal advice."}