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2006 Utah Code - 70A-3-306 — 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Repealed and Re-enacted by Chapter 237, 1993 General Session

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