California Statutes
§ 3306. — 3306. (Repealed and added by Stats. 1992, Ch. 914, Sec. 6.)
California·Code COM Commercial Code - COM·Div. 3. DIVISION 3. NEGOTIABLE INSTRUMENTS·Ch. 3. CHAPTER 3. Enforcement of Instruments
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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California § 3306. (3306. (Repealed and added by Stats. 1992, Ch. 914, Sec. 6.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Kingsway Revocable Trust v. Federal Savings & Loan Insurance (In Re C.P.C. Development Co. No. 5)
113 B.R. 637 (C.D. California, 1990)
Williams v. J.P. Morgan Chase Bank, N.A.
(N.D. California, 2023)
Legislative History
Repealed and added by Stats. 1992, Ch. 914, Sec. 6. Effective January 1, 1993.