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     Idaho Statutes

Idaho Statutes are updated to the website July 1 following the legislative session.

pecnv.out

TITLE 28
COMMERCIAL TRANSACTIONS
CHAPTER 3
UNIFORM COMMERCIAL CODE — NEGOTIABLE INSTRUMENTS
PART 3.
ENFORCEMENT OF INSTRUMENTS
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.]


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