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2020 Idaho Code
Title 28 - COMMERCIAL TRANSACTIONS
Chapter 3 - UNIFORM COMMERCIAL CODE — NEGOTIABLE INSTRUMENTS
Part 3 - ENFORCEMENT OF INSTRUMENTS
Section 28-3-306 - CLAIMS TO AN INSTRUMENT.
Universal Citation: ID Code § 28-3-306 (2020)
28-3-306. 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:
[28-3-306, added 1993, ch. 288, sec. 2, p. 1035.]
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