{"data":{"id":"us-tx/tex.-business-commerce-code-3.306","jurisdiction":"us-tx","citation":"Tex. Business \u0026 Commerce Code § 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.\nAmended by Acts 1995, 74th Leg., ch. 921, Sec. 1, eff. Jan. 1, 1996.","path":["BUSINESS AND COMMERCE CODE","TITLE 1. UNIFORM COMMERCIAL CODE","CHAPTER 3. NEGOTIABLE INSTRUMENTS","SUBCHAPTER C. ENFORCEMENT OF INSTRUMENTS"],"source_url":"https://statutes.capitol.texas.gov/Docs/BC/htm/BC.3.htm#3.306","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:56Z","sha256":"4de88a44b3cfd4e670681589c83cd8aac55ef38bb6e2da8d6d7c24760b79543a","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-commerce-code-3.305","next":"us-tx/tex.-business-commerce-code-3.307"},"notice":"GroundRules: Original legal text. Not legal advice."}