Me. Stat. tit. 11 § 3-1306

Current through 131st (2023-2024) Legislature Chapter 684
Section 3-1306 - 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. [1993, c. 293, Pt. A, §2(NEW).]

11 M.R.S. § 3-1306

1993, c. 293, §A2 (NEW) .