{"data":{"id":"us-sd/sdcl-57a-3-306","jurisdiction":"us-sd","citation":"SDCL § 57A-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.\nSource: SL 1994, ch 367, § 3-306.","path":["TITLE 57A. UNIFORM COMMERCIAL CODE","CHAPTER 57A-3. NEGOTIABLE INSTRUMENTS"],"source_url":"https://sdlegislature.gov/Statutes/57A-3-306","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"ce1797c4a5a111de781dfb98ece987e86950b35b5e7fcce8389821d1f3649fa3","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-57a-3-305","next":"us-sd/sdcl-57a-3-307"},"notice":"GroundRules: Original legal text. Not legal advice."}