Indiana Statutes
§ 26-1-3.1-306 — Claims to an instrument
Indiana § 26-1-3.1-306
This text of Indiana § 26-1-3.1-306 (Claims to an instrument) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ind. Code § 26-1-3.1-306 (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
South Central Bank of Daviess County v. Lynnville National Bank
901 N.E.2d 576 (Indiana Court of Appeals, 2009)
AMERICAN SAVINGS, FSB v. Tokarski
959 N.E.2d 909 (Indiana Court of Appeals, 2011)
Legislative History
As added by P.L.222-1993, SEC.5.
Nearby Sections
15
§ 26-1-1-0.3
Certain security interests considered perfected§ 26-1-1-0.5
Status of certain security interests; conditions; lapsing of perfection;
filing of financing statements§ 26-1-1-101
Short title; application§ 26-1-1-104
Construction against implicit repeal§ 26-1-1-105
Repealed§ 26-1-1-106
Remedies to be liberally administered§ 26-1-1-108
SeverabilityCite This Page — Counsel Stack
Bluebook (online)
Indiana § 26-1-3.1-306, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/26-1-3.1-306.