§ 6A-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 of Section.P.L. 2000, ch. 238, § 3; P.L. 2000, ch. 421, § 3.
Structure Rhode Island General Laws
Title 6A - Uniform Commercial Code
Chapter 6A-3 - Negotiable Instruments
Part 3 - Enforcement of Instruments
Section 6A-3-301. - Person entitled to enforce instrument.
Section 6A-3-302. - Holder in due course.
Section 6A-3-303. - Value and consideration.
Section 6A-3-304. - Overdue instrument.
Section 6A-3-305. - Defenses and Claims in Recoupment.
Section 6A-3-306. - Claims to an instrument.
Section 6A-3-307. - Notice of breach of fiduciary duty.
Section 6A-3-308. - Proof of signatures and status as holder in due course.
Section 6A-3-309. - Enforcement of lost, destroyed, or stolen instrument.
Section 6A-3-310. - Effect of instrument on obligation for which taken.
Section 6A-3-311. - Accord and satisfaction by use of instrument.
Section 6A-3-312. - Lost, destroyed, or stolen cashier’s check, teller’s check, or certified check.