{"data":{"id":"us-nj/n.j.-stat.-12a-3-306","jurisdiction":"us-nj","citation":"N.J. Stat. § 12A: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.\nL.1995,c.28,s.1.","path":["TITLE 12A COMMERCIAL TRANSACTIONS"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"927c7721dd6a2bd8f7ed098efe7af340743376e1302705ddb20f8c08c2e4936e","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-12a-3-305","next":"us-nj/n.j.-stat.-12a-3-307"},"notice":"GroundRules: Original legal text. Not legal advice."}