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2024 Statute
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84-3-306. 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. |
History: L. 1991, ch. 296, § 32; February 1, 1992. |
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2026. Powered by KLISS. Rendered: 2026-03-15T16:22:49. Head Rev No: 1485844(I)