{"data":{"id":"us-wi/wis.-stat.-403.306","jurisdiction":"us-wi","citation":"Wis. Stat. § 403.306","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.","path":["Chs. 401-411, Uniform Commercial Code","Chapter 403 Uniform Commercial Code — Negotiable Instruments","SUBCHAPTER III ENFORCEMENT OF INSTRUMENTS"],"source_url":"https://docs.legis.wisconsin.gov/document/statutes/403.306","current_through":"2023-24 Wisconsin Statutes updated through 2025 Wis. Act 247 (published 9-4-26)","vintage":"","retrieved_at":"2026-09-05T12:01:21Z","sha256":"cf4bf42bb5f736dd27e9b48826382f463390d6fbd0ef02d5742c698a1e54f2fd","source_id":"us-wi","stale":false,"prev":"us-wi/wis.-stat.-403.305","next":"us-wi/wis.-stat.-403.307"},"notice":"GroundRules: Original legal text. Not legal advice."}