§ 3306. 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.
Cross References. Section 3306 is referred to in sections 3302, 3305, 3602 of this title.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Chapter 33 - Enforcement of Instruments
Section 3301 - Person entitled to enforce instrument
Section 3302 - Holder in due course
Section 3303 - Value and consideration
Section 3304 - Overdue instrument
Section 3305 - Defenses and claims in recoupment
Section 3306 - Claims to an instrument
Section 3307 - Notice of breach of fiduciary duty
Section 3308 - Proof of signatures and status as holder in due course
Section 3309 - Enforcement of lost, destroyed or stolen instrument
Section 3310 - Effect of instrument on obligation for which taken
Section 3311 - Accord and satisfaction by use of instrument
Section 3312 - Lost, destroyed or stolen cashier's check, teller's check or certified check