2010 New Hampshire Statutes
TITLE XXXIV-A UNIFORM COMMERCIAL CODE
CHAPTER 382-A UNIFORM COMMERCIAL CODE
Section 382-A:3-306 Claims to an Instrument.


NH Rev Stat § 382-A:3-306 (1996 through Reg Sess) What's This?

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.

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