{"data":{"id":"us-ar/ark.-code-ann.-4-3-306","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 4-3-306","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 4 Business and Commercial Law","Subtitle 1. Uniform Commercial Code","Chapter 3 Negotiable Instruments","Part 3 — Enforcement of Instruments"],"source_url":"https://archive.org/download/gov.ar.code/release78.2020.11.06/gov.ar.code.title.04.odt","current_through":"2020-11-06","vintage":"Arkansas Code Release 78 (2020-11), retrieved 2026-09-17","retrieved_at":"2026-09-17T21:07:03Z","sha256":"cf4bf42bb5f736dd27e9b48826382f463390d6fbd0ef02d5742c698a1e54f2fd","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-4-3-305","next":"us-ar/ark.-code-ann.-4-3-307"},"notice":"GroundRules: Original legal text. Not legal advice."}