Minnesota Legislature
Office of the Revisor of Statutes
2016 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
336.3-306 MS 1990 [Repealed, 1992 c 565 s 114]
336.3-306 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:
Official Publication of the State of Minnesota
Revisor of Statutes