California Statutes
§ 3306. — 3306. (Repealed and added by Stats. 1992, Ch. 914, Sec. 6.)
California § 3306.
JurisdictionCalifornia
Code COMCommercial Code - COM
Div. 3.DIVISION 3. NEGOTIABLE INSTRUMENTS
Ch. 3.CHAPTER 3. Enforcement of Instruments
This text of California § 3306. (3306. (Repealed and added by Stats. 1992, Ch. 914, Sec. 6.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Cal. Commercial Code - COM Code § 3306. (2026).
Text
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
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Repealed and added by Stats. 1992, Ch. 914, Sec. 6.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.
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California § 3306., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/COM/3306..