{"data":{"id":"us-ky/krs-355.3-202","jurisdiction":"us-ky","citation":"KRS 355.3-202","heading":"Negotiation subject to rescission.","body":"(1) Negotiation is effective even if obtained:\n(a) From an infant, a corporation exceeding its powers, or a person without\ncapacity;\n(b) By fraud, duress, or mistake; or\n(c) In breach of duty or as part of an illegal transaction.\n(2) To the extent permitted by  other law, negotiation may be rescinded or may be\nsubject to other remedies, but those remedies may not be asserted against a\nsubsequent holder in due course or a person paying the instrument in good faith and\nwithout knowledge of facts that are a basis for rescission or other remedy.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=33452","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:44Z","sha256":"a9efa104f59c0be2e1658157d213c82b7f638e22fb2cf6c8c170519dfe494642","source_id":"us-ky","stale":false,"prev":"us-ky/krs-355.3-201","next":"us-ky/krs-355.3-203"},"notice":"GroundRules: Original legal text. Not legal advice."}