Md. Code, Com. § 3-306
Current with changes from the 2024 Legislative Session, chs. 2--407, effective on or before 7/1/2024
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.
Md. Code, CL § 3-306