{"data":{"id":"us-ia/iowa-code-554.3306","jurisdiction":"us-ia","citation":"Iowa Code § 554.3306","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 XIII - COMMERCE (Ch. 505 - 554I)","Chapter 554 - UNIFORM COMMERCIAL CODE","Article 3 - NEGOTIABLE INSTRUMENTS","Part 3 - ENFORCEMENT OF INSTRUMENTS"],"source_url":"https://www.legis.iowa.gov/docs/code/2026/554.3306.pdf","current_through":"Iowa Code 2026 edition","vintage":"","retrieved_at":"2026-09-14T19:40:15Z","sha256":"cf4bf42bb5f736dd27e9b48826382f463390d6fbd0ef02d5742c698a1e54f2fd","source_id":"us-ia","stale":false,"prev":"us-ia/iowa-code-554.3305","next":"us-ia/iowa-code-554.3307"},"notice":"GroundRules: Original legal text. Not legal advice."}