{"data":{"id":"us-nc/n.c.-gen.-stat.-25-3-306","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 25-3-306","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. (1899, c. 733, ss. 15, 16, 28, 57, 58, 59; Rev., ss. 2165, 2166, 2176, 2206, 2207, 2208; C.S., ss. 2297, 2996, 2997, 3008, 3038, 3039, 3040; 1965, c. 700, s. 1; 1995, c. 232, s. 1.)","path":["Chapter 25. Uniform Commercial Code.","Article 3. Negotiable Instruments.","Part 3. Enforcement of Instruments."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_25/GS_25-3-306.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T17:58:47Z","sha256":"9fafa32b00f7fe3e7d09696c2d7cf8ed7cdc74720f89f60aca33942108d1e843","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-25-3-305","next":"us-nc/n.c.-gen.-stat.-25-3-307"},"notice":"GroundRules: Original legal text. Not legal advice."}