§ 70A-3-306. Claims to an instrument.

Latest version.

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Repealed and Re-enacted by Chapter 237, 1993 General Session

                    
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