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.
Structure Mississippi Code
Title 75 - Regulation of Trade, Commerce and Investments
Chapter 3 - Uniform Commercial Code - Negotiable Instruments
Part 3 - . Enforcement of Instruments
§ 75-3-301. Person entitled to enforce instrument
§ 75-3-302. Holder in due course
§ 75-3-303. Value and consideration
§ 75-3-304. Overdue instrument
§ 75-3-305. Defenses and claims in recoupment
§ 75-3-306. Claims to an instrument
§ 75-3-307. Notice of breach of fiduciary duty
§ 75-3-308. Proof of signatures and status as holder in due course
§ 75-3-309. Enforcement of lost, destroyed, or stolen instrument
§ 75-3-310. Effect of instrument on obligation for which taken
§ 75-3-311. Accord and satisfaction by use of instrument
§ 75-3-312. Lost, destroyed, or stolen cashier's check, teller's check, or certified check