| << Previous Section (70A-3-305) | Next Section (70A-3-307) >> |
Uniform Commercial Code | |
Uniform Commercial Code - Negotiable Instruments | |
Section 306 | Claims to an instrument. |
|
70A-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.
Repealed and Re-enacted by Chapter 237, 1993 General Session |
| << Previous Section (70A-3-305) | Next Section (70A-3-307) >> |