Colorado Statutes
§ 4-3-306 — 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.
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Legislative History
Source: L. 94: Entire article R&RE, p. 857, � 1, effective January 1, 1995.
Nearby Sections
15
§ 4-1-101
Short titles§ 4-1-102
Scope of article§ 4-1-104
Construction against implied repeal§ 4-1-105
Severability§ 4-1-106
Use of singular and plural - gender§ 4-1-107
Captions§ 4-1-201
General definitions§ 4-1-202
Notice - knowledge§ 4-1-204
Value§ 4-1-205
Reasonable time - seasonableness§ 4-1-302
Variation by agreement§ 4-1-304
Obligation of good faith