{"data":{"id":"us-mi/mich.-comp.-laws-440.3306","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 440.3306","heading":"Instrument; person subject to claim of property or possessory right.","body":"Sec. 3306.\n\nA 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":["MI Code","Chapter 440","Act Act-174-of-1962"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-440-3306","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"84cc1487fff74e495e6aba9dc28461217a8a69bee27d4b380d6d0046b6b559b3","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-440.3305","next":"us-mi/mich.-comp.-laws-440.3307"},"notice":"GroundRules: Original legal text. Not legal advice."}