Louisiana Statutes
§ 10:3-306 — Claims to an instrument
Louisiana § 10:3-306
JurisdictionLouisiana
Title 10Commercial Laws
This text of Louisiana § 10:3-306 (Claims to an instrument) is published on Counsel Stack Legal Research, covering Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
La. Stat. Ann. § 10:3-306 (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
Tullier v. Tullier
464 So. 2d 278 (Supreme Court of Louisiana, 1985)
Federal Sav. and Loan Ins. Corp. v. Brocato
569 So. 2d 17 (Louisiana Court of Appeal, 1990)
Legislative History
Acts 1992, No. 1133, §3, eff. July 1, 1993; Acts 1993, No. 948, §10, eff. Jan. 1, 1994.
Nearby Sections
15
§ 10:3-101
§ 10:3-101§ 10:3-102
Subject matter§ 10:3-103
Definitions§ 10:3-104
Negotiable instrument§ 10:3-105
Issue of instrument§ 10:3-106
Unconditional promise or order§ 10:3-107
Instrument payable in foreign money§ 10:3-108
Payable on demand or at definite time§ 10:3-109
Payable to bearer or to order§ 10:3-111
Place of payment§ 10:3-112
Interest§ 10:3-113
Date of instrument§ 10:3-114
Contradictory terms of instrument§ 10:3-115
Incomplete instrumentCite This Page — Counsel Stack
Bluebook (online)
Louisiana § 10:3-306, Counsel Stack Legal Research, https://law.counselstack.com/statute/la/10%3A3-306.