Arkansas Statutes

§ 4-3-306 — Claims to an instrument

Arkansas·Title 4
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.

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Related

Mobley v. Harmon
803 S.W.2d 900 (Supreme Court of Arkansas, 1991)
4 case citations

Legislative History

Acts 1991, No. 572, § 5.

Nearby Sections

15
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