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    • Legislation USA
    • Maryland Statutes
    • Commercial Law
    • Title 3 - Negotiable Instruments
    • Subtitle 3 - Enforcement of Instruments
    • Section 3-306 - Claims to an Instrument

    Maryland Statutes
    Subtitle 3 - Enforcement of Instruments
    Section 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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    Structure Maryland Statutes

    Maryland Statutes

    Commercial Law

    Title 3 - Negotiable Instruments

    Subtitle 3 - Enforcement of Instruments

    Section 3-301 - Person Entitled to Enforce Instrument

    Section 3-302 - Holder in Due Course

    Section 3-303 - Value and Consideration

    Section 3-304 - Overdue Instrument

    Section 3-305 - Defenses and Claims in Recoupment

    Section 3-306 - Claims to an Instrument

    Section 3-307 - Notice of Breach of Fiduciary Duty

    Section 3-308 - Proof of Signatures and Status as Holder in Due Course

    Section 3-309 - Enforcement of Lost, Destroyed, or Stolen Instrument

    Section 3-310 - Effect of Instrument on Obligation for Which Taken

    Section 3-311 - Accord and Satisfaction by Use of Instrument

    Section 3-312 - Lost, Destroyed, or Stolen Cashier's Check, Teller's Check, or Certified Check

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