TITLE XXXIV-A
UNIFORM COMMERCIAL CODE

CHAPTER 382-A
UNIFORM COMMERCIAL CODE

ARTICLE 3
NEGOTIABLE INSTRUMENTS

Part 3
Enforcement of Instruments

Section 382-A:3-306

382-A:3-306 Claims to an Instrument. – 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.

Source. 1993, 346:1, eff. Jan. 1, 1994.

TITLE XXXIV-AUNIFORM COMMERCIAL CODE

CHAPTER 382-AUNIFORM COMMERCIAL CODE

ARTICLE 3NEGOTIABLE INSTRUMENTS

Part 3Enforcement of Instruments

Section 382-A:3-306

TITLE XXXIV-A
UNIFORM COMMERCIAL CODE

CHAPTER 382-A
UNIFORM COMMERCIAL CODE

ARTICLE 3
NEGOTIABLE INSTRUMENTS

Part 3
Enforcement of Instruments