2009 Rhode Island Code
Title 6A - Uniform Commercial Code
CHAPTER 6A-3 - Negotiable Instruments
§ 6A-3-306 - Claims to an instrument.
§ 6A-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.
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