Del. Code tit. 6 § 3-306
Current through 2024 Legislative Session Act Chapter 261
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.
6 Del. C. § 3-306