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.]
Structure Idaho Code
Title 28 - COMMERCIAL TRANSACTIONS
Chapter 3 - UNIFORM COMMERCIAL CODE — NEGOTIABLE INSTRUMENTS
Part 3 - ENFORCEMENT OF INSTRUMENTS
Section 28-3-301 - PERSON ENTITLED TO ENFORCE INSTRUMENT.
Section 28-3-302 - HOLDER IN DUE COURSE.
Section 28-3-303 - VALUE AND CONSIDERATION.
Section 28-3-304 - OVERDUE INSTRUMENT.
Section 28-3-305 - DEFENSES AND CLAIMS IN RECOUPMENT.
Section 28-3-306 - CLAIMS TO AN INSTRUMENT.
Section 28-3-307 - PROOF OF SIGNATURES AND STATUS AS HOLDER IN DUE COURSE.
Section 28-3-308 - ENFORCEMENT OF LOST, DESTROYED, OR STOLEN INSTRUMENT.
Section 28-3-309 - EFFECT OF INSTRUMENT ON OBLIGATION FOR WHICH TAKEN.
Section 28-3-310 - ACCORD AND SATISFACTION BY USE OF INSTRUMENT.
Section 28-3-311 - LOST, DESTROYED, OR STOLEN CASHIER’S CHECK, TELLER’S CHECK OR CERTIFIED CHECK.