Ariz. Rev. Stat. § 47-3306
Current through L. 2024, ch. 202
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.
A.R.S. § 47-3306